As Good As It Gets, Gets Worse – Professional Edition

The Fed’s balance shrank in the week ended Wednesday as it settled the sale of $5.7 billion in MBS with no offsetting purchase settlements. It has scheduled over $75 billion in MBS settlements for the remainder of March along with another $6 billion in GSEs to bring that program to a close. That $81 billion will help to offset some of the supply pressure coming from the Treasury. At the same time FCB buying is in one of its normal short term cyclical upswings that should also add to demand for the remainder of March, cushioning what otherwise might have been an all out rout. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

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This entry was posted on March 6, 2010 at 9:18 am and is filed under Money and The Fed, Professional Edition. You can follow any responses to this entry through the RSS 2.0 feed.