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.
The New York Fed's Open Market Trading Desk Thursday announced it is "making technical adjustments" to the central bank's bond buys by increasing purchases by 3% across the 7- to 30-year nominal coupon maturity range and will be decreasing TIPS purchases "modestly."
In a statement, the Fed said it will "distribute monthly purchases across eight different sectors based roughly on the 12-month average of the proportional par amount of Treasury securities outstanding in each sector." New York Fed markets chief Lorie Logan flagged last month that QE tweaks were coming.
The table below from the Fed includes the specific sectors the central bank will use and their sector weights based on 12-month average amounts outstanding as of the end of April 2021.
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.