The Federal Reserve (Fed) bought corporate bonds worth $1.3 billion in the week ended July 1, taking the tally to $10.01 billion, Fed data released on Thursday showed, according to Reuters. Meanwhile, the central bank purchased $16 billion worth of US Treasuries, boosting its government bond holdings to record highs. Even so, its balance sheet size shrank to $7.01 trillion, as the usage of dollar swap lines by global central banks fell by $50 billion. However, the Fed’s balance sheet is still up 67% from $4.24 trillion in early March. The massive balance sheet expansion has put a strong bid under gold. The yellow metal rallied to an eight-year high of $1,789 per ounce on July 1. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/IDR Price News: Indonesian rupiah hits fresh four-week lows at 14,600 on BI jawboning FX Street 3 years The Federal Reserve (Fed) bought corporate bonds worth $1.3 billion in the week ended July 1, taking the tally to $10.01 billion, Fed data released on Thursday showed, according to Reuters. Meanwhile, the central bank purchased $16 billion worth of US Treasuries, boosting its government bond holdings to record highs. Even so, its balance sheet size shrank to $7.01 trillion, as the usage of dollar swap lines by global central banks fell by $50 billion. However, the Fed's balance sheet is still up 67% from $4.24 trillion in early March. The massive balance sheet expansion has put a strong bid under… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
