Pursuits
Fed's $216 Billion Treasuries Rollover Recalls Crisis Era Buying
- Portfolio has $1.1 trillion of U.S. debt maturing through 2019
- Balance-sheet policy bigger focus than rates: Sage's MacQueen
Fed Rate Cut Coming on Oil, Inflation: Komal Sri-Kumar
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If you were under the impression that the Federal Reserve was done buying Treasuries, think again.
While the central bank won’t be expanding its balance sheet, about $216 billion of Treasuries in its portfolio mature in 2016, up from negligible amounts the past few years. Last week, New York Fed President William C. Dudley reiterated policy makers’ plan to keep reinvesting the proceeds for the time being, giving bondholders and Wall Street dealers reason to cheer.