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Tuesday, February 1, 2011

FED POMO Purchase

Yesterday the FED performed another POMO (Permanent Open Market Operation) purchase in the amount of $7.72 billion dollars.  This brings the total since November 3rd 2010 (When the FED announced printing $600/900 billion dollars by June 2011) to $290.792 billion dollars and $355.252 billion dollars since August 17th 2010.  It makes you wonder, if we are on such a recovery as we have all been told, why are we still printing so much money.  It was good to see in the fund flows over the past 2 weeks inflows on domestic stocks, if this continues then the FED isn't single handedly holding up the stock market anymore.  It will be interesting to see what happens.

Operation Date:01/31/2011
Operation Type:Outright Coupon Purchase
Release Time:10:15 AM
Close Time:11:00 AM
Settlement Date:02/01/2011
Maturity/Call Date Range:08/15/2013 - 12/31/2014
Total Par Amt Accepted (mlns) :$7,720
Total Par Amt Submitted (mlns) :$37,238

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