Look for:

Our offer for

Research Detail

2020/03/16 / Erste Group Research

Short Note | US Fed tries to stabilize markets

Yesterday evening, and thus only three days before the end of the next regular meeting, the US Federal Reserve lowered the range for the key interest rate by 100 basis points to 0-0.25%.

In addition, a further round of security purchases was announced yesterday. In the coming months, at least USD 500bn of US Treasury bonds will be purchased and at least USD 200bn of mortgage backed bonds.

Obviously these measures were so urgent that they could not wait until Wednesday. It is doubtful whether this will calm the global markets, because what matters is how quickly the coronavirus spreads. But for the Treasury market, the support should be more than enough.

PDF Download Download PDF (235kB)

General information

AuthorErste Group Research
Date2020/03/16
Languageen
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusUnited States
Currency in focusUS Dollar
Sector in focus-
Download



Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer