The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s Treasury and Agency security positions were essentially unchanged for the week ended January 10th.

• Treasuries: The Fed’s Treasury security holdings declined by $1.6 billion for the week-ended January 10th and declined by $57.8 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings were unchanged for the week-ended January 10th (the second consecutive week with an unchanged position) and declined by $15.1 billion on a rolling 4-week basis.

• The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings

• Excel file: Our Excel file detailing the Fed’s holdings of Treasury and Agency securities: HERE.

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