Numbers: Federal Reserve Balance Sheet Reached Record $ 6.98 Trillion In The Week Ended May 13, Up From $ 6.72 Trillion In The Previous Week, the central bank announced on Thursday.
What happened: Much of the expansion in the balance sheet is due to a $ 178 billion increase in its mortgage-backed bonds.
Analysts have noted that most of these purchases, in fact, took place a few weeks ago and were on the balance sheet in the most recent weekly period because that is when they ultimately was transferred to the hands of the Federal Reserve.
Meanwhile, Treasurys' assets have increased by $ 37 billion.
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Aside from buying Fed bonds, the other contributors to the Fed portfolio have not seen much change, as many of the Fed's emergency lending programs have been used less .
However, the Federal Reserve facilities that support the paycheck protection program saw their assets drop from $ 29.2 billion to $ 40.6 billion.
Currency lines offering dollars to other central banks fell by $ 3.95 billion to $ 440 billion, suggesting that demand for the dollar was starting to decline.
Big picture: Roberto Perli of Cornerstone Macro Research said demand for help from the Federal Reserve appears to have declined.
Market action: The 10-year Treasury bond yield.
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It fell 3.1 basis points to 0.617% on Thursday.