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Dealers cheer Fed's US$216b Treasuries rollover

Central bank will keep its US$2.5t hoard, a legacy of the QE programme, till interest rates are higher

New York

IF YOU were under the impression that the Federal Reserve was done buying Treasuries, think again.

While the central bank won't be expanding its balance sheet, about US$216 billion of Treasuries in its portfolio mature in 2016, up from negligible amounts the past few years...