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re: No Taper

Posted on 9/18/13 at 2:03 pm to
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5607 posts
Posted on 9/18/13 at 2:03 pm to
No set buying for QE1 other than an initial announcement of $600B in mortgages during Novermber 2008, but you can reverse engineer it. Pre-recession the Fed held between $700-$800B of Treasuries on its balance sheet. By June 2010 it held $2.1T of Treasuries, MBS, and bank debt.

QE2
Nov 2nd, 2010 to June 30th, 2011
The Fed bought $600B in Treasuries

OpTwist (2)
September 21st, 2011
The Fed bought longer-term Treasuries and sold short-term Treasuries but no new dollar amounts.

QE3
September 13th, 2012
Fed buys $40B a month in MBS

QE4
December 12th, 2012
Fed buys $45B a month in Treasuries

So Basically (2100-750)+600+40(11)+45(8)= $2.75T

Not including roll-off purchases of MBS from QE1 and sterlized purchases from OpTwist2
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 9/18/13 at 2:11 pm to
Marketwatch - history of qe and market timeline.

LINK
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