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Wednesday, August 11, 2010

NY Fed Plans to Buy $18 billion in Treasuries over the next month

by Calculated Risk on 8/11/2010 03:03:00 PM

This is a followup to the FOMC announcement yesterday ...

From the NY Fed: New York Fed releases tentative outright Treasury operation schedule

[T]he Desk plans to purchase approximately $18 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-August and mid-September, adjusted for prior SOMA agency MBS purchases that have been allocated since August 4.
The $18 billion will be spread over 9 purchases (one of TIPS), with duration of 2 to 30 10 years.