The Fed’s Balance Sheet Reduction (QT) Update

All is fairly quiet in the Eccles building as the Fed essentially held its Treasury position constant while modestly trimming its mortgage holdings.

• Treasuries: The Fed’s Treasury security holdings declined by $1.7 billion for the week-ended October 25th and declined by $47.7 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings declined by $16.8 billion for the week-ended October 25th and declined by the same amount 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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