Fed Unwinds Balance Sheet By $21 Billion! But Increases Floating-rate Note (FRN) and TIP Holdings By $3.84 Billion (Paranoid About Inflation?)
The Fed sold $14.64 billion of T-Notes and T-Bonds and $10.31 billion of Agency MBS. But purchased $1.93 billion of US Treasury Floating Rate Notes (FRN) and $1.91 billion of US Treasury Inflation-Protected Securities (TIPS).
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