"The Taper Is Coming" - What Wall Street Thinks

http://www.zerohedge.com/node/476936

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.