Tuesday, 15 June, 2021
- “…whether to retain the April 2024 bond as the target bond or extend the target to the next maturity, the November 2024 bond” and also;
- “…the Board would decide upon future government bond purchases at the July meeting ahead of the completion of the second $100 billion of purchases in early September 2021″.
- “Ceasing purchasing bonds in September (other than to support the yield target if necessary)” – thought likely to be premature – so we can probably rule this one out..
- “Repeating $100 billion of purchases for another 6 months“;
- “Scaling back the amount purchased or spreading the purchases over a longer period” and;
- “Moving to an approach where the pace of the bond purchases is reviewed more frequently, based on the flow of data and the economic outlook” (this sounds pragmatic, but has the disadvantage of being fiddly – central banks usually like simplicity and transparency).
This message may contain confidential or privileged information. If you are not
the intended recipient, please advise us immediately and delete this message.
The unauthorised use, disclosure, distribution and/or copying of this e-mail or
any information it contains is prohibited.
This information is not, and should not be construed as, a recommendation,
solicitation or offer to buy or sell any securities or related financial
products. This information does not constitute investment advice, does not
constitute a personal recommendation and has been prepared without regard to
the individual financial circumstances, needs or objectives of persons who