Federal Reserve to Become Largest Holder of U.S. Debt in Just Over a Month?
October 1st, 2010Via: ZeroHedge:
Probably the most interesting thing in this week’s Fed balance sheet update is that Treasurys held by the Fed are now $812 billion, an increase of $7 billion from the week before, which those who follow the FRBNY’s almost daily POMO liquidity explosion know all too well. Indicatively, Japan owns $821 billion and China, $847 billion. We believe that within one week the Fed will surpass Japan as the second largest holder of Treasurys, and China, the current top holder, in just over a month.
Related: In 2009, the Federal Reserve Bought 80% of U.S. Debt
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