The Fed’s Balance Sheet Reduction (QT) Update

The Fed trimmed its Treasury holdings by $26 billion for the week-ended Wednesday January 17th while the Fed’s Agency security holdings were essentially unchanged over the same period.

• Treasuries: The Fed’s Treasury security holdings declined by $25.6 billion for the week-ended January 17th and declined by $66.0 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings declined by $63.0 million (essentially unchanged) for the week-ended January 17th and declined by $11.8 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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