3 Estimates of the cumulative effect of past LSAPs on 10-year yields range from 80 to 120 basis points. 4 And these past actions are one reason  3  Papers include Gagnon and others (2011), Krishnamurthy and Vissing-Jørgensen (2011), Swanson (2011), Meaning and Zhu (2011), D’Amico and King (forthcoming), D’Amico and others (forthcoming), Li and Wei (2012), and Wright (2011).
4  See Li and Wei (2012), Pandl (2012), and Meyer and Bomfim (2012).