Second, I think some of the effects of balance sheet normalization may already be priced into the bond market, as rates have risen and mortgage spreads have widened. (fidelity.com)
The language used by the Fed also gave further weight to the potential commencement of its plan for balance sheet normalization at its next meeting in September. (us.beyondbullsandbears.com)
He added that he does not want balance sheet normalization to «unduly affect» financial market conditions, suggesting that securities rolling off ought to be kept to a percentage of daily trading volumes in MBS and Treasuries. (alt-m.org)