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It basically means that the Federal Reserve stopped purchasing US Treasuries and agency mortgage backed securities. These assets are now rolling off their balan
by dereg 4y ago
It basically means that the Federal Reserve stopped purchasing US Treasuries and agency mortgage backed securities. These assets are now rolling off their balance sheet as they reach maturity.
- yieldcrv 4y agoyou have to read between the lines: they didn't stop purchases only decreased them, they just let MORE mature than they purchase. And they also retain the option to outright sell some things that aren't matured yet, but they are not typically selling right now. beforehand, they would also reinvest all proceeds back into more purchases. now theyve limited that too.