The Federal Reserve has increased its holdings of U.S. Treasuries to approximately $4.4 trillion, marking the highest level since July 2024 in a move seen as a direct effort to support the debt market.
Since December, the central bank has purchased roughly $237 billion in Treasuries, pushing their share to about 65.9% of the Fed’s total balance sheet—the highest since March 2008.
As a result, total assets on the Fed’s balance sheet have risen to around $6.7 trillion, the highest since May 2025, signaling a potential shift back toward liquidity support measures.
These developments are widely interpreted as an attempt to stabilize the Treasury market amid rising yields and heightened volatility across global financial markets.