Tags: fed | treasury | buying | 7 billion

Fed Slows Treasury Buying Again to $7 Billion a Day Next Week

Fed Slows Treasury Buying Again to $7 Billion a Day Next Week
(Daniel Thornberg/Dreamstime)

Friday, 08 May 2020 07:31 AM EDT

The Federal Reserve further slowed the pace at which it plans to buy Treasuries under the unlimited program that began in March.

The U.S. central bank, which has bought more than $1.5 trillion of Treasuries in daily operations over eight weeks in an effort to restore smooth market functioning during the coronavirus pandemic, on Friday said it would buy securities at a pace of about $7 billion a day May 11-15. It bought at a pace of around $8 billion a day this week.

The Treasury purchase operations began March 13 and peaked in size at $75 billion per day from March 19 to April 1. The pace was subsequently reduced in stages.

There will be one or two operations each day, targeting either nominal Treasuries or inflation-protected securities, according to the schedule.

© Copyright 2024 Bloomberg News. All rights reserved.


Economy
The Federal Reserve further slowed the pace at which it plans to buy Treasuries under the unlimited program that began in March.
fed, treasury, buying, 7 billion
133
2020-31-08
Friday, 08 May 2020 07:31 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved