There is a story out today about how the Fed was still buying MBS after March 31st! That would be news, but the evidence was that MBS was still showing up on the Fed's balance sheet. I covered this several times, but it takes a few months for the purchases to settle on the Fed's balance sheet (see: the discussion from SIFMA: "To-Be-Announced" Trading of Agency Passthrough Securities). Here is what I wrote in March: The coming increase in the Fed's balance sheet (and the expansion of the Supplementary Financing Program (SFP) over the same period) are related to the MBS settling on the Fed's balance sheet. Now that the short term liquidity facilities are finished - the balance sheet will increase by about $200 billion over the next couple of months as the remaining MBS settle. The Fed stopped buying on March 31st (I even predicted some people would be fooled by the increase of the Fed's balance sheet!).

אין השפעה על השוק הפד קנה בעבר חוזי פוורורד לרכישת MBS

הסליקה בפועל של העסקה היא אחרי כמה שבועות. כך שהוא אכן הפסק לקנות ב-31/3 אבל העסיקאות נסלקו אח"כ ולכן הגידול..

ישר כוח אמיר כיף פשוט לקרוא. המשך כך