Fed paper evaluates asset purchase programmes

federal reserve

A working paper published by the Federal Reserve on September 4 examines the extent to which the Fed's asset purchase programmes have contributed to a drop in Treasury yields. The authors weigh the timing of the introduction of the programmes against market expectations of the Fed's balance sheet and interest rates.

Since the inception of the first asset purchase programme in 2008, the authors say the yield on 10-year Treasuries has contracted by 160 basis points. They estimate that, as of June

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: