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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