Fed balance exceeds $ 8 trillion for the first time: data

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Fed balance exceeds $ 8 trillion for the first time: data

NEW YORK, Jun 10 (Reuters) – The Federal Reserve’s balance sheet topped $ 8 trillion for the first time, weekly data released Thursday by the central bank on its asset holdings showed.

The report also showed that the Fed appears to have sold about $ 160 million of its corporate bond holdings since Monday, following the announcement that it was undoing its nearly $ 14 billion portfolio of corporate credit.

As a first step, the central bank began selling its stake in 16 publicly traded bond funds on Monday.

(Reporting by Kate Duguid, Edited in Spanish by Manuel Farías)

Article source: https://es-us.finanzas.yahoo.com/

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