【Bank of America: The Federal Reserve's Adjustment of Its Portfolio May Bring $2 Trillion to the Treasury】Golden Finance reports that Bank of America stated that a potential adjustment in the Federal Reserve's U.S. Treasury bond holdings structure could lead the central bank to purchase nearly $2 trillion in Treasury bills over the next two years, allowing it to absorb almost all of the Treasury's issuance during that period. Strategists Mark Cabana and Katie Craig expect the Federal Reserve to adjust its portfolio to better match assets and liabilities, a move that will mitigate interest rate risk and negative assets while shortening liability duration. This will ultimately bring much-needed revenue to the Treasury. Since raising the debt ceiling last month, the Treasury has issued a large number of short-term bonds to fill the expanding deficit and replenish cash balances.