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MNI BRIEF: Fed's Logan-Minor QE Tweaks Likely Announced May 13

(MNI)

The Federal Reserve's plan for "minor technical adjustments" recalibrating bond purchases to better match outstanding U.S. debt could be announced May 13, New York Fed's markets chief Lorie Logan said Thursday.

"We'll continue to update these at regular intervals going forward," said Logan in a question-and-answer session at a SIFMA webinar. In a speech last Thursday, Logan said the Fed would make adjustments to keep bond purchases "neutral" and proportional to outstanding Treasury supply.

Some market analysts have said it is possible the Fed could increase Treasury purchases in the 7‐to‐20‐year sector by roughly USD3 billion per month.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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