by Bill McBride on 3/24/2009 03:00:00 PM
Tuesday, March 24, 2009
The first outright Treasury coupon purchase will be conducted on Wednesday, March 25, 2009, and will settle Thursday, March 26, 2009. Results will be posted on the New York Fed’s website following the operation.According to the current schedule, the Fed will be buying 7 to 10 year securities tomorrow. On Friday they will be buying 2 to 3 year securities. And on Monday they will buying in the 17 to 30 year range.
Starting on Wednesday, April 1, 2009, and continuing every two weeks, the New York Fed will issue a tentative operation schedule for its purchases of longer-dated Treasury securities, including the maturity sector or sectors to be targeted.
Posted by Bill McBride on 3/24/2009 03:00:00 PM