Fed Snaps Up Nearly Half of $3.4 Trillion H1 Debt Sales Aug 14, 2020 Fed Snaps Up Nearly Half of $3.4 Trillion H1 Debt Sales By Blu Putnam, Chief Economist, CME Group Highlights Fed bought 46% of US Treasury’s $3.4 trillion in H1 debt sales. Fusion of monetary, fiscal policies lowered Treasury market volatility. Treasury yield curve is now a combination of demand and Fed policy. Is yield curve still a reliable indicator of the state of monetary policy? Watch video SEE MORE ANNOUNCEMENTS