POMO Starting, $2.5-$3.5 Billion Being Bought
There is a permanent open market operation (POMO) auction today, with the Federal Reserve buying between $2.5 and $3.5 billion in U.S. Treasuries today.
The maturities being purchased are 07/31/2015 - 12/31/2016. When the auction is over, Benzinga will bring you the results.
Additionally, the Federal Reserve will release the next operation schedule at 2 p.m. on July 13, 2011.
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Posted-In: Federal Reserve Federal Reserve Bank of New York POMOEconomics
