Seven outcomes of the Fed’s pandemic response

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Seven outcomes of the Fed’s pandemic response

By Blu Putnam, Chief Economist, CME Group

Highlights

  • Fed asset purchases dampened volatility in long-term Treasury securities.
  • Sentiment in US Treasuries has shifted from “Anxious” to “Complacent.”
  • Change in sentiment reflects investor confidence in Fed’s actions.
  • Market participants expect Fed to keep rates low for a long time.
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