Fed Throws $3 Billion At Market Via Second-To-Last POMO
Today the Fed repurchased $2.949 billion of 7 year bonds via its second to last POMO. There is $2.7 billion of dry powder left: one last arrow in the QE quiver, best used on yet another down day.
Here is the cumulative UST balance: $2.7 billion left. QE2?