Fed May Boost Bond Purchases on Jobs Data, UBS Says

U.S. job losses will lead the Federal Reserve to increase Treasury purchases at its meeting next month, though not enough to send yields down, UBS AG said.

The Federal Open Market Committee will announce plans to buy $35 billion to $65 billion of debt a month at the Nov. 2-3 session, Mansoor Mohi-uddin, head of global currency strategy in Singapore, wrote to clients today. The Fed will buy that amount over one quarter and then review the policy, the note said.