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Fed Looks Poised to Step Up Buying in Belly of Treasuries Curve


Fed Looks Poised to Step Up Buying in Belly of Treasuries Curve
Bloomberg
2 hrs ago
Elizabeth Stanton
© Bloomberg
The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Feb. 19, 2021. Federal Reserve officials in January expected it would be some time before conditions to scale back their massive bond purchases were met, leaving open the question of whether any tapering could start before 2022.
(Bloomberg) The Treasury market’s weight has shifted around in the past year, meaning the Federal Reserve’s $80 billion monthly purchases no longer fit the way they’re supposed to.
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U.S. Federal Reserve Meeting Minutes: Dec. 16 (Text)


U.S. Federal Reserve Meeting Minutes: Dec. 16 (Text)
Bloomberg
1/6/2021
© Bloomberg
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
(Bloomberg) Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on Dec. 16:
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Developments in Financial Markets and Open Market Operations
The manager of the System Open Market Account (SOMA) turned first to a discussion of financial market developments. Market sentiment improved over the period, as reduced uncertainty related to the U.S. election and positive vaccine news outweighed the anticipated effect of the ongoing surge in the pandemic. U.S. equity price indexes reached all-time highs, with the largest gains registered in sectors that have underperformed during the pandemic. Corporate credit spreads tightened, most notably among lower-rated firms and in sectors most affected by social distancing measures resulting from the pandemic. Longer ....

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