“The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond”
March 13, 2020
“In an announcement Friday, the central bank said it was accelerating to Friday purchases it announced a day before. The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile time in the bond market, with yields sinking to historic lows amid rising liquidity concerns.
Yields at the long end of the curve jumped following the Fed’s announcement and stocks held into their strong gains. The schedule for Friday’s operations looks like this:
About $4 billion in 20- to 30-year purchases from 10:30-10: 45 am ET. About $5 billion in the 7- to 20-year space from 11:15-11:30 am ET. About $8 billion in the 4.5- to 7-year sector from 12:45-1 pm ET. About $8 billion in the zero- to 2.25-year sector from 1:30 to 1:45 pm…”