Finally, the statement of exit strategy principles provided in the June 2011 FOMC minutes contemplates the sale of MBS once the Committee has begun to remove policy accommodation in order to return the System Open Market Account to an all-Treasury portfolio.
The UK 10-year gilt yield fell under 1% for the first time in records, while German Bunds yields fell to all-time lows over the period, currently trading in negative territory out to a maturity of 15 years with the 10-year German Bund trades around -0.10%.