Bernanke Fed Has No Clue How To Taper QE Without Tanking The Market: FOMC Minutes

``The Federal Reserve released the minutes for their October FOMC meeting, in which they decided to keep QE going at full force.  The minutes reveal intense discussion about how to taper the asset purchase program without spooking the market, an outcome they experienced through the summer after Chairman Ben Bernanke indicated tapering could occur before the end of the year.''

And the release had the following effect on the market:

That immediately sent the yield on the 10-year Treasury above 2.79 percent, a level it was last at on Sept. 18, the day the Fed surprised markets by not moving to taper back its $85 billion bond-buying program. Since the strong October jobs report, markets have suspected the Fed could move as early as December though the probability appeared low.