Frontrunning Today's POMO: Will The Fed Finally Do Its Fiduciary Duty?

Tyler Durden's picture

In advance of the completion of today's POMO we have just one question: will the Fed do its taxpayer fiduciary duty and monetize the cheapest bond (PM6 or the 2.125% of 12/31/2015), which trades 0.7 bps cheap to the sector, or, instead, bend over to Jamie Dimon et al again and instead buy the bond most profitable to flip by the Primary Dealers the just issued QJ2 (2.125% of 2/29/2016), which is actually 0.2 bps rich. Tune in at 11 am to find out.

The full list of eligible and cheapest to buy bonds courtesy of Morgan Stanley: