Red Ace, that would be short term (<2 yrs) but Treasury would have to redeem them. Possibly these bonds were bought during the 'operation twist' to keep off interest rate pressure. These bonds weren't made with QE money.
However there are so many tools available to the FED. QE bonds can be held indefinitely if needed. Three trillion dollars can sit on the FEDs balance sheet till the cows come home.
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- when the bond buying stops