Treasury yields moved lower early Thursday, a day after minutes of the Federal Reserve’s March meeting outlined plans to begin scaling back the central bank’s nearly $9 trillion balance sheet.
The... Treasury yields moved lower early Thursday, a day after minutes of the Federal Reserve’s March meeting outlined plans to begin scaling back the central bank’s nearly $9 trillion balance sheet. The summary showed that Fed officials want to reduce the balance sheet by $95 billion a month after a three-month phase-in. The process could potentially begin in May, but policy makers have yet to make a final decision, the minutes said.
Read: The Fed’s plan to rapidly slash its balance sheet is out. Here’s what happens to money in the system.
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