NY Fed releases statement regarding Treasury reserve management and reinvestment purchases

Market news

13 March 2020

NY Fed releases statement regarding Treasury reserve management and reinvestment purchases

Today, the NY Fed desk will conduct purchases in each of five maturity sectors below at the times indicated, subject to reasonable prices:

20 to 30 year sector at 10:30 - 10:45 am and 2:15 to 2:45 pm for around $4 billion each
7 to 20 year sector at 11:15 - 11:30 am for around $5 billion
4.5 to 7 year sector at 12:00 - 12:15 pm for around $8 billion
2.25 to 4.5 year sector at 12:45 - 1:00 pm for around $8 billion
0 to 2.25 year sector at 1:30 - 1:45 pm for around $8 billion

These purchases are intended to address highly unusual disruptions in the market for Treasury securities associated with the coronavirus outbreak.

Switzerland closes schools, bans large events, limits traffic from Italy, recommends employees work from home, offers CHF10 billion for economic impact

Brazil's president Bolsonaro tests positive for coronavirus

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.