It is worth noting that the value of the bonds exceeded one trillion US dollars
Since the Fed continued to hold it throughout this period, the losses reached the aforementioned number, which is 100 billion
One of the reasons for the decline in the value of bonds is the high interest
Because bonds are loans
Interest is also a loan
Whichever is larger attracts larger investments
Higher interest rates attract more investments, which reduces demand for bonds
Which means that higher interest rates cause greater losses for the Fed
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