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 1 - RESULTS
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| 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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