The Federal Reserve is poised to begin at least a six-month operation to buy about $60bn of Treasury bills per month, as the US central bank seeks to ease cash shortages that caused a recent spike in the overnight cost of borrowing.
The announcement on Friday sent three-month bill yields sharply lower, dropping from a high of 1.7 per cent to a low of 1.62 per cent. The size of the operation shocked Wall Street analysts who had expected the central bank to be more conservative.
“They are going for it,” said Ralph Axel, an interest rate strategist at Bank of America. “They are hitting this hard. I think it’s the right thing to do.”
您已閱讀19%（635字），剩余81%（2722字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。