7th April 2022

  • Fed Lays Out Plan to Prune Balance Sheet by $1.1 Trillion a Year

March meeting minutes show monthly reduction of $95 billion

One or more 50 bp rate hikes viewed by ‘many’ as appropriate

https://blinks.bloomberg.com/news/stories/R9XOB2T0G1KZ

  • Markets Bet on Sharpest Pace of Fed Tightening Since 1994

Pricing now suggests 250 basis points of rate hikes in 2022

Fed is to cap bond holding reduction at $95 billion a month

https://blinks.bloomberg.com/news/stories/R9XK2QDWLU6F

  • Fed’s Unwind Plan Leaves Money Markets Starved for Supply

Policy makers suggest redeeming bills when coupons below cap

Strategy for bill holdings is ‘QT filler,’ TD’s Goldberg said

https://blinks.bloomberg.com/news/stories/R9X7O8T0AFB8

  • Oil Advances After Slumping on Back of IEA Reserve Release Plan

WTI climbs toward $98 a barrel as traders weigh supply outlook

Buyers ‘taking advantage’ of lower prices, Oanda’s Halley says

https://blinks.bloomberg.com/news/stories/R9YAFBT1UM0X

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