Understanding Quantitative Tightening (QT) and impact on Treasury Yields
The Federal Reserve is in the midst of one of the most significant monetary policy operations in its history: the great unwinding of its multi-trillion-dollar balance sheet. This process, known as Quantitative Tightening (QT), is the reversal of the massive bond-buying programs (Quantitative Easing, or QE) that supported the economy through the 2008 financial crisis…