China News Service, May 29. According to Reuters on the 28th, citing the latest financial statements of the Federal Reserve, in the first quarter of 2022, due to rising interest rates, the Fed's holdings of U.S. Treasury bonds and mortgage-backed securities brought it 3,300 yuan. Unrealized losses (paper losses) of $100 million.

FILE PHOTO: The Federal Reserve Building.

  According to the report, in order to maintain financial market stability during the new crown epidemic, the Federal Reserve purchased a large portfolio of securities.

But it also led to huge paper losses for the Fed due to rising interest rates.

  A recent report from the Federal Reserve Bank of New York pointed out that given the high probability that market interest rates will continue to rise, the Fed's portfolio could see further large losses.