For those curious how the Fed's ongoing takeover of the US bond market looks like, below is a visual update. A simple maturity distribution: Over the week ending October 3rd, the average maturity of the Fed's System Open Market Account (SOMA) treasury holdings increased from 118.03 to 118.62 months. Before the onset of the Maturity Extension Program (MEP), the average maturity of the Fed's treasury holdings was around 75 months. The Fed has surpassed the original average maturity target of 100 months for the first MEP. The average duration of the Fed's (SOMA) holdings increased to 7.31 years (87.67 months) for US ... (full story)