The US Federal Reserve (Fed) will convene the Federal Open Market Committee on 21-22 September, where all eyes will be on whether the US central bank will begin to pull back the pace of their monthly bond purchases. Firms including UBS Group AG and Aberdeen Asset Management say that the Fed’s $120 billion of monthly bond purchases have disproportionately benefited the relatively thinly traded Treasury Inflation-Protected Securities market, pushing their yields to deeply negative levels. The Fed, which has hoovered up the debt through its quantitative easing, has signalled that it may scale back the purchases this year. 

News source: Bloomberg