Fed Buys $7.8 Billion In POMO

The New York Fed conducted its first POMO of the year, and bought $7.79 billion worth of U.S. Treasury securities during the auction, in an effort to boost the economy.

The NY Fed will do another four POMO's this week.

Dealers offered $17.004 to the New York-based arm of the central bank, meaning the auction was more than two times oversubscribed.

The debt matured from 2018 to 2020.

For a full list of CUSIPs purchased, please visit the NY Fed website.