New POMO Schedule Released: Fed To Monetize $102 Billion In Next Month

Tyler Durden's picture

After the Fed "purchased" just over $97 billion in bonds in the last POMO schedule, according to the just released POMO schedule, Sack-Frost will monetize $102 billion in bonds between March 14 and April 11. From the release: "Across all operations in the schedule listed below, the Desk plans to purchase approximately $102 billion.
This represents $80 billion in purchases of the announced $600 billion
purchase program and $22 billion in purchases associated with principal
payments from agency debt and agency MBS expected to be received
between mid-March and mid-April" What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own...