The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s balance sheet runoff occurred at a muted pace this week. Approximately $4 billion of Treasuries matured while there was no change to the Fed’s Government Agency holdings.

  • The Fed’s Treasury holdings were approximately $4.0 billion lower over the past week and $57.1 billion lower on a rolling 4-week total basis.
  • The Fed’s Government Agency holdings were unchanged over the past week and $20.4 billion lower on a rolling 4-week total basis.
  • The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings
  • Our Excel file detailing the Fed’s holdings of Treasuries and Agency securities: HERE