The U.S. Federal Reserve maintains its bond purchase plan unchanged

The U.S. Federal Reserve’s public meeting minutes of last month showed that the committee members almost unanimously decided to maintain the bond purchase plan until the economy achieved substantial progress. However, there are reservations about whether to buy more long-term government bonds, mainly depending on whether the new crown vaccination will lead to an excessively rapid economic recovery. The Fed did not intend to change the content of the asset purchase plan as expected by the market. The news drove the yield of the US 10-year long bond to break through the 1% level.