Quantitative easing auctions of Treasury bonds
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DOI: 10.1016/j.jfineco.2018.02.004
Abstract: The Federal Reserve uses (reverse) auctions to implement its purchases of Treasury bonds in quantitative easing (QE). To evaluate dealers’ offers across multiple bonds, the Fed relies on its internal yield curve model, fitted to… read more here.
Keywords: treasury; bond; treasury bonds; bonds quantitative ... See more keywords