by Bill McBride on 10/22/2009 04:00:00 PM
Thursday, October 22, 2009
Just an update on the status of the Fed's Treasury and MBS purchase programs.
From the Atlanta Fed weekly Financial Highlights:
From the Atlanta Fed:
The NY Fed purchased $1.05 billion more yesterday, so there is just $2 billion more to come over the next week.
The Fed has purchased a total of $297 billion of Treasury securities through October 21, bringing it about 99% toward its goal. Of these purchases, $4.5 billion have been TIPS. Last week, the Fed made a purchase on October 13 for $2.95 billion in the seven-to-10-year sector.
And from the Atlanta Fed:
The Fed purchased an additional $18.1 billion net in MBS over the last week, bringing the total to $963 billion.
The Fed purchased a net total of $16.1 billion of agency-backed MBS between October 8 and 14, bringing its total purchases up to about $945 billion, and by year-end [CR Note: by the end of Q1] the Fed will purchase up to $1.25 trillion.
The Treasury purchases will end next week - and will probably make the news. The MBS purchases are ongoing.
The third graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
Posted by Bill McBride on 10/22/2009 04:00:00 PM