Credit investors nervous over withdrawal of QE2

Credit investors nervous over withdrawal of US quantitative easing programmes

pg27-murphy-gif
Fed chairman Ben Bernanke

In November 2008, the US Federal Reserve began a purchasing programme that brought around $600 billion of mortgage-backed securities onto its books. By June 2010 the Fed’s accumulation of bank debt, MBS and Treasury notes amounted to $2.1 trillion (including the $700–$800 billion it already had on its balance sheet before the crisis). It began a second round of easing, known as QE2, in November 2010 and had purchased a further $600 billion of Treasury Securities by the end of March 2011.

As those

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: