Economic Charts

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Monday, October 18, 2010

Fed Steps Up POMO Purchases

The FED issued a POMO (Permanent Open Market Operation) purchase today worth $6.26 Billion from its primary dealers.  This brings the total from August 17th 2010 to $54.66 Billion.  Coincidentally the stock market enjoyed another nice rally in the face of fleeing investors, as witnessed by the WSJ article today about how pension funds are taking billions out of the stock market and moving the money into bonds (inflating a larger bubble).  Thus I digress, here's the updated graph:

Operation Date:10/18/2010
Operation Type:Outright Coupon Purchase
Release Time:10:15 AM
Close Time:11:00 AM
Settlement Date:10/19/2010
Maturity/Call Date Range:10/31/2016 - 08/15/2020
Total Par Amt Accepted (mlns) :$6,260
Total Par Amt Submitted (mlns) :$21,836

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