Last week, the FED quietly purchased 43.6 billion USD in government bonds without any official announcement, raising concerns that the Fed is quietly returning to quantitative easing (QE) policy. On May 8 alone, the Fed bought 8.8 billion USD in 30-year bonds. QE is usually announced publicly, but this move took place in silence, leading many to call it "stealth QE."

The reason may stem from the bond auction on May 9, when the U.S. Treasury only sold 78 billion USD out of a total of 150 billion USD offered. To avoid rising interest rates.