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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Fed Balance Sheet Tracker: Jun 11, 2021
MNI View: Steady Funds Rate May Preclude Fed Tweaks
- The Fed's balance sheet has risen to a record $8trn, with Treasury (nominal and TIPS) and MBS holdings up by $125B in the week to Jun 9. This is roughly as expected given the Fed's $120B monthly asset purchase pace.
- Apart from constant speculation over the timing of a potential Fed asset purchase taper, there are a few other items on the monetary policy agenda that bear watching, starting at the June FOMC and through the summer.
- These include the potential for short-term tweaks to administered rates; the rise in overnight reverse repo usage; shifting policy on short-end holdings; and possible tapering of MBS before Tsys.
PLEASE USE THE FOLLOWING LINK TO ACCESS FULL PDF ANALYSIS:
FedBalanceSheetJun112021-2.pdf
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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