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The FRBNY makes net purchases of $20.1B of 15 and 30-year MBS for the week ended yesterday,...

The FRBNY makes net purchases of $20.1B of 15 and 30-year MBS for the week ended yesterday, roughly half of what it is expected to do monthly under the new QE∞ program.
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Comments (5)
  • Paulo Santos
    , contributor
    Comments (23623) | Send Message
     
    They front-loaded given the market's weakness, it seems. After all the main objective IS driving the stock market.
    27 Sep 2012, 02:57 PM Reply Like
  • 118616
    , contributor
    Comments (12) | Send Message
     
    That isn't half, that is a 1/4th. They are doing 80B when you add in maturing proceeds. Net it is only $40B new but they will be doing 80 a month if I am not mistaken.
    27 Sep 2012, 03:28 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (23623) | Send Message
     
    The news already mentions net, so it's half of the net.
    27 Sep 2012, 03:47 PM Reply Like
  • 118616
    , contributor
    Comments (12) | Send Message
     
    missed that, thanks for the correction.
    27 Sep 2012, 04:08 PM Reply Like
  • Jolly_Rancher
    , contributor
    Comments (558) | Send Message
     
    80B is more than a lot of investors expected at this point in the program. It's the beginning.
    27 Sep 2012, 05:39 PM Reply Like
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