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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
Fed assets are on the cusp of hitting $8trn for the first time, rising by $92bn in the week ending May 19 to $7.923trn.
- The rise was led by an $86bln rise in MBS holdings (TIPS/Tsy holdings rose by just $18.2bln), reversing five weeks of stagnant/falling levels. While a chunky weekly increase is not uncommon for the MBS column on the Fed's balance sheet, there's increasing scrutiny of the role it plays in the Fed's policy as a whole amid a nationwide house price boom.
- On Friday, Philadelphia Fed Pres Harker noted that he was among those on the FOMC that wanted to talk about tapering "sooner rather than later", and that "clearly part of that conversation will be the MBS taper".
- AndMNI reported last week that the Fed is set to think about a taper with a larger reduction of MBS than of Tsys.
| Assets | Total Assets | MBS | TIPS | Treasury Bonds/Notes | Other |
| Last Week's Net Change (USDbn) | 92.2 | 86.2 | 1.2 | 17.4 | -12.6 |
| 4-Week Net Change (USD bn) | 101.9 | 30.6 | 10.6 | 71.5 | -10.8 |
| Total Holdings (USD bn) | 7922.9 | 2277.6 | 340.9 | 5071.8 | 571.2 |
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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