Beginning May 6, 2022, the Open Market Trading Desk at the New York Fed will increase the reporting frequency of Overnight Reverse Repo awards by counterparty type.
On May 4, 2022, the Federal Open Market Committee (FOMC) decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities (MBS) on June 1, 2022, as described in the Plans for Reducing the Size of the F…
The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the October – December 2021 quarter.
On January 26, 2022, the Federal Open Market Committee directed the Open Market Trading Desk at the New York Fed to increase the System Open Market Account holdings of Treasury securities by at least $20 billion and of agency mortgage-backed securities…
The Federal Open Market Committee reduced the monthly pace of net asset purchases by $20 billion for Treasury securities and $10 billion for agency MBS, starting with the mid-January purchase schedule.
On November 3, 2021, the Federal Open Market Committee directed the Open Market Trading Desk at the Federal Reserve Bank of New York to increase the System Open Market Account holdings of Treasury securities by at least $70 billion per month and of age…
Ed. Note: OK. This is a joke. The Fed is upping the limit just when the RRP slush fund is about to top out. Is it stupidity, or cynicism. I say the latter.
The Fed has begun recruiting banks to be counterparties in repo operations. This is an expansion of the usual relationships where only Primary Dealers can act as repo counterparties.
In light of the new federal holiday, Juneteenth National Independence Day, falling on a Saturday in 2021, the Securities Industry and Financial Markets Association (SIFMA) is not recommending a fixed income market close and U.S. dollar funding markets …
The New York Fed’s Open Market Trading Desk intends to conduct two small value agency MBS sales operations, which will occur on Tuesday, June 22, 2021 and Thursday, June 24, 2021, beginning around 2:00 PM ET and ending at 2:30 PM ET.
