Jump to content



Photo

I am Yellen at the top of my lungs ........


  • Please log in to reply
12 replies to this topic

#11 MaryAM

MaryAM

    Member

  • Traders-Talk User
  • 1,086 posts

Posted 23 November 2017 - 08:30 AM

Isn't the prevailing cynicism of the long-held view that outgoing chairmen tend to goose the markets up till the day they leave?  Volcker.  Greenspan.  Bernanke.

 

Anybody else notice that the Fed is not letting securities roll off the balance sheet.   When you parse the last statement, it's clear that they meant to renew all security holding of a given size.   Since almost all securities exceed the stipulated size, virtually all of them will be rolled over.  Even if they double the amount to $12 B and $8B, respectively for UST and MBS, there is very little rolling off for another five years.

They sure don't look like they are slowing down much

https://www.newyorkf...lastTwenty.html



#12 Data

Data

    Member

  • Traders-Talk User
  • 2,376 posts

Posted 23 November 2017 - 09:47 AM

You can view the activity and the composition of the holdings here.

 

https://www.newyorkf...ccholdings.html

 

There are online charts of the balance sheets for the ECB and BOJ.   Some have gone to overlaying the stock indices on those charts. 



#13 Data

Data

    Member

  • Traders-Talk User
  • 2,376 posts

Posted 23 November 2017 - 10:04 AM

It looks like that the ECB taper is also fake.   They appear likely to increase the buying of corporate bonds to offset the shortage of government bonds.