The Fed’s Balance Sheet Reduction (QT) Update

The Fed took the week off. The Fed’s monetary policy is rudderless.

• Treasuries: The Fed’s Treasury security holdings were unchanged for the week-ended October 9th. The Fed’s Treasury holdings declined by $25.0 billion on a rolling 4-week basis.

• Agencies: The Fed’s Government Agency security holdings were unchanged for the week-ended October 9th and declined by $17.7 billion on a rolling 4-week basis.

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