The Fed lowered its bond purchases

The Fed lowered its bond purchases. The Fed, the central bank of the United States, has slowed the pace of the buying plan under the unlimited Treasury bond-buying program that started in March. During the coronavirus epidemic, the Fed made more than $ 1.4 trillion purchases in its daily operations in seven weeks in an effort to protect the functioning of the market. The Fed announced on Friday that it will cut its purchases from May 4-8 to $ 8 billion per day. The US bank purchased $ 10 billion in bonds a day last week. Bond purchases, which started on March 13, peaked between $ 19 billion and April 1, with a daily peak of $ 75 billion. After the purchases, it gradually decreased. According to the calendar, it is decided to buy nominal Treasury bonds or inflation-protected bonds with one or two operations every day. The history of the purchases made by the New York Fed is as follows:

Day Purchase Target Number of Daily Operations

April 27 - 1 May $ 10 billion 1 - 2 20 - 24 April 15 billion dollars 2 13 - 17 April $ 30 billion 4 6 - 9 April 50 billion dollars 5 - 6 2 - 3 April 60 billion dollars 7 19 March - 1 April 75 billion dollars 6 - 7 18 March 45 billion dollars 7 16 - 17 March 40 billion dollars 6 13 March 37 billion dollars 6