Fed Pauses, Evaluates Pandemic Response

Economic Research - Read Article

Fed Pauses, Evaluates Pandemic Response

By Blu Putnam, Chief Economist, CME Group

Highlights

  • Fed reduces support for primary bonds dealers as liquidity rebounds.
  • Fed swap lines to central banks drawn down as demand wanes.
  • Did Fed purchase of Treasury notes, bills impact shape of yield curve?
  • Fed activity has substantially changed sentiment in Treasuries market.
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