Federal Reserve Balance Sheet Snapshot
- Between the 11 - 18th Sept 2023 we had the Largest
one week decline of approx. $74.7 billion since the
balance sheet reduction started in April 2022
- We are currently approx. $50 billion away from a
1 trillion reduction 👀
We are in for an interesting Quarter end to the 2023 year, that is to say the least....
I see a lot of "Experts" out there all excited and trying to push another ill-informed
narrative that the rise of FED's balance sheet is expanding in the same way as it did
during COVID.
Sorry, not even close! Don't fall for that stuff.
Run-Off...
The only thing running is Bids for MBS and USTs.
After an aggressive May 25th, $51 Sell ahead of
the June 15th Taper was stopped dead in its tracks.
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Imagine swimming in the middle of the vast Pacific Ocean.
Bumping into Flotsom and Jetsom every so often.
It's lonely out there...
Nowhere to...