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4min chapter
Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
Forward Guidance
The Fed's Strategy for Buying Treasuries
Joseph CG: How much does the Fed have to reduce its balance to cheat by? 2 trillion, 3 trillion, there's a lot of Treasuries that it has to make disappear and a lot of mortgage backed securities. Joseph CG: Who is going to buy all of these Treasuries? There's money market funds, hedge funds, households, banks, there's the Treasury, which has to issue more in order to refinance its debt. DC: If the move keeps moving as quickly as it has been, they're going to have to do something sooner rather than later.
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