Fed reveals more QE details

The Federal Reserve will buy about $105bn (£65bn) of Treasuries and Treasury inflation-protected securities in 18 operations from 12 November to 9 December as part of its next batch of quantitative easing, the New York Fed said last night. Around $75bn of this sum is part of the new $600bn easing programme announced last week, with the remaining $30bn printed under a previously announced scheme. The Fed had already in August undertaken a programme of Treasury and TIPS buying, using funds from agency bonds.