As they say in England, we appear to be getting to the vinegar strokes of the Fed’s buying efforts. As expected, the NYFed announced its Permanent Open Market Operations (POMO) schedule for September which covers just 11 days (including no Fridays at all) summing to a mere $15bn of Treasuries planned to be purchased… (with only 5 days in size).
via Zero Hedge http://ift.tt/1tTSvZU Tyler Durden