Double POMO Today
The Federal Reserve is conducting its first double permanent open market operation (POMO) auction of 2011, after having a few in 2010.
The Fed is buying $4-$5 billion worth of U.S. Treasuries in the auction starting at 10:15, and $4-$5 billion in the auction starting at 1:15 p.m.
Benzinga will bring you the results of both auctions once they are completed.
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Posted-In: Federal Reserve NY Federal Reserve Bank POMOEconomics
