The Future of the Fed’s Balance Sheet
Posted: Wednesday, August 23rd, 2017

This piece is a supplement to “The Future of the Fed’s Balance Sheet” which we published on April 25, 2017 and can be found at

We believe the points brought up in the April 25th piece are still in place. The one potential change, when The Federal Reserve (Fed) begins to unwind its’ balance sheet, is the degree of impact it will have on spreads.

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