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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

FED

Fed assets rose by $32.2B in the week ending Jun 2. This amount was comprised almost entirely of Treasury coupon purchases, with no net additions to the MBS or TIPS portfolios.

  • That was the 2nd largest weekly increase in Tsy holdings since the Fed began ramping up asset purchases in March 2020 (the week ending Apr 21 saw $34B in purchases). Notably it occurred in a holiday-shortened week (Memorial Day).


Source: Fed, MNI


  • Operational purchases in the week were largely toward the short end: May 26 (settling May 27) saw $8.4B of 2.25-4Y buys; May 27: $6.7B of 22.5Y-30Y; May 28 saw $12.4B in 0-2.25Y purchases, Jun 1 $8.4B of (again) 2.25-4.5Y.
Assets Total Assets MBS TIPS Treasury Bonds/Notes Other
Last Week's Net Change (USDbn) 32.2 0.0 0.0 31.9 0.3
4-Week Net Change (USD bn) 125.2 52.9 6.8 78.6 -13.1
Total Holdings (USD bn) 7935.7 2244.3 342.9 5119.0 570.1
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com