The Fed will roll over all maturing Treasury principal starting in December.

[Fed will “rollover” all maturing Treasury principal starting in December] The Fed mentioned in the FOMC statement that starting from December 1, it will “rollover” the principal payments of all maturing U.S. Treasury securities. This means that the Fed will reinvest the principal of maturing Treasuries into new U.S. Treasuries, keeping the asset size unchanged and ending the balance sheet reduction. This move is generally seen as a signal of a shift in monetary policy towards easing or at least the end of the tightening cycle. (Jin10)

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