Fed Slows Pace of Treasury Buying Under Its QE Program

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The U.S. central bank, which has been aggressively purchasing Treasuries in a bid to offset the economic and market fallout from the coronavirus pandemic, on Friday said that it would buy securities at a pace of about $15 billion a day April 20-24. It bought around $30 billion a day this week following several earlier reductions.

The current round of Treasury purchase operations began March 13 and peaked in size at $75 billion per day from March 19 to April 1.

There will be two operations a day covering either nominal Treasuries or inflation-protected securities, according to the schedule.

©2020 Bloomberg L.P.

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