The Fed is expected to buy a historic $107 billion in securities today, steveliesman reports.
In all, the purchases will total $75 billion, an acceleration from the $40 billion total the Fed had originally set when it announced its latest operations to expand its balance sheet.
The Federal Reserve will be buying $75 billion in Treasurys on Thursday and Friday as the central bank ramps up its efforts to keep markets flowing smoothly amid the coronavirus crisis. In all, the purchases will total $75 billion, an acceleration from the $40 billion total the Fed had originally set when it announced its latest operations to expand its balance sheet.9:40 – 10 a.m. ET: Treasury Coupons 7 to 20 year sector, for around $6 billion11:20 – 11:40 a.m.: Treasury Coupons 2.25 to 4.5 year sector, for around $17 billion1:00 – 1:20 p.m.
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