The Fed Pulls Back on Treasuries but Dives in on Mortgage-Backed Securities

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Even with the taper, the Fed continues to expand its balance sheet. And it’s not tapering the purchase of mortgage-backed securities (MBS) nearly as fast as advertised. Breaking Down the Balance Sheet The Fed added $68B to its balance sheet in February. This was divided across $57B in MBS, $25B in Treasuries, and -$15B in Repos […]

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