"Quantitative easing", the process of printing money to buy longer-dated securities, is coming to an end-or at least being put on hold.

“量化宽松”，即通过印钱购买长期证券，行将结束——至少也是暂时收住脚步。

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For some banks, the combined issuance of asset-backed securities and commercial paper (short-dated securities) amounted to about half of all their loans.

ECONOMIST: America��s banks are not as healthy as they look

Operation Twist is a program where the Federal Reserve sells shorter-dated securities and buys longer-dated ones in a bid to push down longer-term yields.

FORBES: Markets Anticipate More Twist If Fed Acts; Gold Reaction To Twist Likely More Muted Than To QE3

By buying longer-dated securities, in this case, 6 to 30 years out, and selling maturities of 3 years and younger, it would squash the yield for farther-out Treasurys and lift the yield for the nearer Treasurys.

FORBES: FOCUS: Fed's 'Twist' Program Likely To Have Little Long Term Impact On Markets