9/24; $3.9B
9/22: $2B
9/20: $5B
Whats that, $11B this week? Keep it up, someone has to buy it.
POMO = Permanent Open Market Operation
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
Friday, September 24, 2010
Todays POMO - $3.9B
The Federal Reserve Bank of New York purchased $3.89 billion in Treasury debt maturing from 2014 to 2016 on Friday, part of officials' pledge to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery. Dealers offered to sell the Fed $15.85 billion in debt.
9/24; $3.9B
9/22: $2B
9/20: $5B
Whats that, $11B this week? Keep it up, someone has to buy it.
POMO = Permanent Open Market Operation
9/24; $3.9B
9/22: $2B
9/20: $5B
Whats that, $11B this week? Keep it up, someone has to buy it.
POMO = Permanent Open Market Operation
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