The Federal Reserve is expected to close its program of buying $600 billion in U.S. Treasury bonds in June 2011, The Wall Street Journal reports. The Fed will stop buying bonds and hold its portfolio for some time, keeping markets stable.
The purchases have amounted to 85% of all government debt sold by Treasury since the program started in November. The Fed’s portfolio currently amounts to over $2 trillion of securities, including Treasury bonds and mortgage debt.
Click here for the story from The Wall Street Journal.