OPERATION PARAMETERS
ACTIVE ENGINE
Transmission Channel: Retiring seasoned off-the-run bonds extracts aggregate duration from primary dealers, flattening term premiums and narrowing liquidity discount spreads.
YIELD CURVE DYNAMICS: BASELINE VS SIMULATED POST-BUYBACK
D3.JS INTERACTIVE ENGINE
Pre-Operation Baseline
Post-Buyback Yield Curve
Yield Relief Delta (Δ bps)
| Tenor | Base Yield | Post-Op Yield | Yield Shift | DV01 Extracted | Liquidity Spread |
|---|
MACRO IMPACT TELEMETRY
REAL-TIME
Extracted DV01
$41.2M
10Y Yield Shift
-7.4 bps
30Y Yield Shift
-11.2 bps
Liquidity Spread Δ
-4.1 bps
Net Annualized Interest Expense Delta
-$1,840M
Net Duration Supply Δ
-6.8%
WAM Portfolio Shift
-0.32 yrs
Policy Assessment: $30B/mo buyback effectively absorbs 34% of net long-end issuance duration, providing 7.4 bps relief at the 10Y tenor.