Zero Hedge provide this great summary of what Wall Street is calling re tapering:
But when, and by how, much does Wall Street see the end of tapering, and what is the sell-side consensus? The list below summarizes the current view by bank.
- Goldman – Sept taper, – $20b in Tsys
- JPMorgan – Sept taper
- Credit Susse – Sept taper, -$20b via -$10b MBS and -$10b Tsys
- BNP – Dec taper w Sept’14 ending; – $10b ea Tsys/MBS; poss less MBS/more UST’s
- Barclays – Sept taper of – $10b Tsys/- $5b MBS, end buys in Mar’14
- Bank of America – Dec taper but ‘sizable chance’ of Sept
- Deutsche Bank – Sept taper, risk of Dec
- Pierpont- Sept taper;
- BMO – Sept taper;
- RBC – Sept taper likely
- Citi- Sept announce, start taper with Oct 1 buys to $60-65b, stop in mid’14
- ING – Sept taper in Tsys;
- BTM-UFJ – Sept taper
- ScotiaBank – Dec taper
- Jefferies – Oct announce taper, go to smaller buys in Nov
- Nomura – Sept announce taper, begin taper in Q4
- Cantor Fitzgerald -first taper in Sept, of Tsys -$10B and MBS -$5B
- Consensus: September tapering start with ~$20 billion in initial reduction.