Wednesday, November 10, 2010

POMO under the QE2: $105 Billion, 11/12-12/9/2010

18 operations in 20 trading days.

From NY Fed announcement just released (emphasis is original):

Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion of principal payments from agency debt and agency MBS expected to be received between mid-November and mid-December.

Quickly scanning the details, I see that they may purchase up to $10 billion in 30-year bonds.

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