The Fed reduced its balance sheet by $9.8 billion in the week ended May 30, all of which was MBS (Treasuries increased $0.1 billion). Stocks were down for the week ending Wednesday.
The Fed rolled Treasuries off the balance sheet on Thursday, but we won't see that total until next week. Stocks dropped on Thursday (S&P 500 down 0.69 percent), in line with the QT thesis. The next day the Fed will roll treasuries off the balance sheet is June 30.
Macro Afternoon
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A mixed reaction to the slip on Wall Street overnight across Asian stock
markets with local stocks losing their risk on mood the most, while Chinese
shar...
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