The Fed’s Balance Sheet Reduction (QT) Update
It would be great if the Fed maintained its QT pace on the Treasury side. I would like to see $90-100 billion per month in Treasury roll offs, but I will settle for $60 billion. The Fed’s mortgage holdings were unchanged for the week-ended March 6th.
Treasuries: The Fed’s Treasury security holdings declined by $30.0 billion for the week-ended March 6th and declined by $61.0 billion on a rolling 4-week basis.
Agencies: The Fed’s Government Agency security holdings were unchanged for the week-ended March 6th and declined by $13.9 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.
