The Fed’s Balance Sheet Reduction (QT) Update

The Fed’s Balance Sheet Reduction (QT) Update

The Fed continued to tighten as it culled approximately $38 billion in Treasuries from its balance sheet, $33 billion of which consisted of T-Notes and Bonds.

  • Treasuries: The Fed’s Treasury security holdings were $38.1 billion lower over the last week and $59.2 billion lower on a rolling 4-week total basis.
  • Agencies: The Fed’s Government Agency security holdings were unchanged over the last week and $16.7 billion lower on a rolling 4-week total basis.
  • The Fed’s balance sheet holdings: https://www.newyorkfed.org/markets/soma-holdings
  • Excel file: Our Excel file detailing the Fed’s holdings of Treasury and Agency securities: HERE.