According to Odaily Planet Daily , Bank of America predicts that potential adjustments to the Federal Reserve's Treasury holdings could lead the central bank to purchase nearly $2 trillion in Treasury bills over the next two years, enough to absorb nearly all Treasury issuance during that period. Strategists Mark Cabana and Katie Craig expect the Fed to adjust its portfolio to better match assets and liabilities, a move that would protect against interest rate risk and negative assets while shortening the duration of liabilities. This would ultimately provide much-needed revenue to the Treasury. Since raising the debt ceiling last month, the Treasury has issued a large amount of short-term bonds to cover its widening deficit and replenish its cash balance.