Wall Street

Marketmind: Full steam ahead for central banks

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Reuters UK

A look at the day ahead in markets from Sujata Rao. From Wednesday, the U.S Federal Reserve starts allowing the bonds it holds to mature, and will no longer replace them — so called quantitative tightening (QT). Its aim is to allow $95 billion to roll off its balance sheet per month but it will start June off at a more sedate $45 billion monthly pace. The QT plans are well flagged yet, when the world’s biggest holder of Treasuries reduces its presence in the market, some nervousness is a given. The European Central Bank, meanwhile, will scale back its net asset purchases to 20 billion euros f…

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