Today we had the 6th straight day of POMO (Permanent Open Market Operations) purchases. Today the Fed purchased $2.169 billion dollars in Treasuries, bringing the total since August 17th 2010 to $113.607 billion dollars. Looking at the graph below you can see the accelerated purchases over the past week to get to the Feds printing goal by end of December.
By the end of the year, we should see the POMO Cumulative graph's curve move upward sharply.
| Operation Date: | 11/19/2010 |
| Operation Type: | Outright Coupon Purchase |
| Release Time: | 10:16 AM |
| Close Time: | 11:00 AM |
| Settlement Date: | 11/22/2010 |
| Maturity/Call Date Range: | 08/15/2028 - 11/15/2040 |
| Total Par Amt Accepted (mlns) : | $2,169 |
| Total Par Amt Submitted (mlns) : | $11,067 |
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