![FRB: Finance and Economics Discussion Series: Screen Reader Version - FLOW AND STOCK EFFECTS OF LARGE-SCALE TREASURY PURCHASES: EVIDENCE ON THE IMPORTANCE OF LOCAL SUPPLY FRB: Finance and Economics Discussion Series: Screen Reader Version - FLOW AND STOCK EFFECTS OF LARGE-SCALE TREASURY PURCHASES: EVIDENCE ON THE IMPORTANCE OF LOCAL SUPPLY](https://www.federalreserve.gov/Pubs/feds/2012/201244/fig3.gif)
FRB: Finance and Economics Discussion Series: Screen Reader Version - FLOW AND STOCK EFFECTS OF LARGE-SCALE TREASURY PURCHASES: EVIDENCE ON THE IMPORTANCE OF LOCAL SUPPLY
Unconventional monetary policy through the Fed's rear-view mirror — Money, Banking and Financial Markets
![Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street](https://wolfstreet.com/wp-content/uploads/2024/01/US-Fed-Balance-sheet-2024-01-04-total-assets-long.png)
Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street
![Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street](https://wolfstreet.com/wp-content/uploads/2024/01/US-Fed-Balance-sheet-2024-01-04-Treasuries.png)
Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street
![Central bank announcements of asset purchases and the impact on global financial and commodity markets - ScienceDirect Central bank announcements of asset purchases and the impact on global financial and commodity markets - ScienceDirect](https://ars.els-cdn.com/content/image/1-s2.0-S0261560612001003-gr4.jpg)
Central bank announcements of asset purchases and the impact on global financial and commodity markets - ScienceDirect
![Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street](https://wolfstreet.com/wp-content/uploads/2024/01/US-Fed-Balance-sheet-2024-01-04-total-assets-detail.png)
Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped | Wolf Street
![FRB: Finance and Economics Discussion Series: Screen Reader Version - FLOW AND STOCK EFFECTS OF LARGE-SCALE TREASURY PURCHASES: EVIDENCE ON THE IMPORTANCE OF LOCAL SUPPLY FRB: Finance and Economics Discussion Series: Screen Reader Version - FLOW AND STOCK EFFECTS OF LARGE-SCALE TREASURY PURCHASES: EVIDENCE ON THE IMPORTANCE OF LOCAL SUPPLY](https://www.federalreserve.gov/Pubs/feds/2012/201244/fig4.gif)