We detail changes in the Fed’s Balance Sheet since May 2022 as the Fed has embarked on its QT program (which has yet to kick into high gear). QT ramps up this month.

• Approximately $92 billion of Treasury securities have been pared from the Fed’s Balance Sheet since May 4th 2022.
• Approximately $6 billion of Government Agency securities have been pared over the same period.
• Our Excel workbook details changes by security type and by week Click HERE.

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