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Fed Unveils Only 11 Days Of POMO In September For A Mere $15 Billion

Tyler Durden's picture


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).



Source: NY Fed


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Fri, 08/29/2014 - 15:11 | 5159815 Hohum
Hohum's picture

Yeah, well, the month is only 30 days and there's a holiday,

Fri, 08/29/2014 - 15:36 | 5159924 Bloppy
Bloppy's picture

Is it POMO or hot money from China propping up the mutant market?

Fri, 08/29/2014 - 15:39 | 5159938 max2205
max2205's picture

What is the POMO schedule dor Belgium? 

Fri, 08/29/2014 - 15:43 | 5159953 john39
john39's picture

and what about the double secret pomo...  oh yeah, that couldn't happen because an audit would catch it, right?

Fri, 08/29/2014 - 17:14 | 5160280 MrTouchdown
MrTouchdown's picture

We call it "Belgium" and it's better than the FED because it's from Europe. Just ask Ogolfer - everything's better in Europe.

Fri, 08/29/2014 - 22:15 | 5161260 Ben Ghazi
Ben Ghazi's picture



Making America MOPO.

Fri, 08/29/2014 - 15:11 | 5159817 LawsofPhysics
LawsofPhysics's picture

...that Kevin will be performing.  Now, as for the other entities who can act on behalf of the Fed, well, that's another story...

Fri, 08/29/2014 - 15:13 | 5159824 buzzsaw99
buzzsaw99's picture

untaper schedule TBA

Fri, 08/29/2014 - 15:13 | 5159828 css1971
css1971's picture

Fucking pikers.

Fri, 08/29/2014 - 15:14 | 5159829 ebworthen
ebworthen's picture

"Vinegar strokes", thanks for that one Tyler.

Fri, 08/29/2014 - 15:25 | 5159884 BC6
BC6's picture

I'll also be adding that metaphor to my vernacular conjecture.

Fri, 08/29/2014 - 15:13 | 5159830 balanced
balanced's picture

Does that mean Belgium is going to start investing heavily in equities?

Fri, 08/29/2014 - 15:18 | 5159842 Aknownymouse
Aknownymouse's picture

I bet you Belgium have a strategy to defeat ISIS

Fri, 08/29/2014 - 15:16 | 5159837 ebworthen
ebworthen's picture

So maybe it will be $0 wasted in October, and a rate hike, and finally popping the bubble.

If they wanted to do it with style they'd set the prime rate at 6% overnight.  C'mon Janet.

Fri, 08/29/2014 - 15:19 | 5159845 firewire888
firewire888's picture

There hasn't been POMO on Friday's for awhile, how does folks here explain the constant jam on Friday's with what money?

Fri, 08/29/2014 - 15:22 | 5159848 orangegeek
orangegeek's picture

$15B in August.  $15B in September.  This is NY's schedule.  Total in August was $25B.


Where's the taper?



Fri, 08/29/2014 - 15:20 | 5159849 jubber
jubber's picture who rushes for the Door first?

Fri, 08/29/2014 - 15:25 | 5159877 DavidC
DavidC's picture

Same as August, that was also $15 bn.


Fri, 08/29/2014 - 15:26 | 5159886 T-NUTZ
T-NUTZ's picture

Only 15 B ... suckas!

Fri, 08/29/2014 - 15:29 | 5159899 NOTaREALmerican
NOTaREALmerican's picture

On the 11th day of POMO my true-love gave to me,  more QE loot absolutely freeeeee.

Fri, 08/29/2014 - 15:45 | 5159957 max2205
max2205's picture

10 gooooold bars


9 bankers frontrunning

8 senators trading

7 dark poola

6 BLS reports

5 flaah smashes

4 zirps

3 silver crashes

2 no strategies

1 Empty headed GOTUS

Fri, 08/29/2014 - 15:32 | 5159912 Yen Cross
Yen Cross's picture

   Meh... Belgium will pick up any slack.

Fri, 08/29/2014 - 15:42 | 5159945 Ewtman
Ewtman's picture

No one is expecting rapidly spiking yields right now. Most of the chatter talks about declining yields. But that is about to change quickly...


Fri, 08/29/2014 - 15:45 | 5159959 NOTaREALmerican
NOTaREALmerican's picture

Slow friday.   I guess everybody started their holiday early (seeing how bad the "recession" is and all).

Fri, 08/29/2014 - 15:52 | 5160000 NOTW777
NOTW777's picture

not the buyer of huge blocks of SPY last 15 minutes every day

Fri, 08/29/2014 - 15:51 | 5159991 unplugged
unplugged's picture

bullshit - the only thing the Fed unveils is a pack of lies

Fri, 08/29/2014 - 16:03 | 5160045 russwinter
russwinter's picture

End of QE to Lead to Whodathunk Market Crash


Fri, 08/29/2014 - 16:15 | 5160077 RighteousDude
RighteousDude's picture

Soros loading up on puts......

Fri, 08/29/2014 - 16:15 | 5160080 studfinder
studfinder's picture

Every billion borrowed is $3 per person in the US.  Not including interest.  Not that it will ever be paid back (its digits in a computer...). 


The gig continues until countries stop excepting USD for food/goods  ...  China...that means you. 


On the flip side...maybe the FED can just print Yuan/Ruble when that does happen...can't be hard to spit out some $500 Euro notes for the FSA...i'm sure all the equipment is loaded with paper and ready to print.  Although that is when they please. 

Fri, 08/29/2014 - 16:55 | 5160217 Moski
Moski's picture

So...11 and September in the title of the  


just stumbled upon the vid below, then floated on over to ZH and lookie!

Fri, 08/29/2014 - 18:43 | 5160605 fuu
fuu's picture

TOMO arigato, Mr. Roboto.

Fri, 08/29/2014 - 20:32 | 5160984 stinkhammer
stinkhammer's picture

"we are not going to monetize the debt" - fuck u ben

Fri, 08/29/2014 - 21:37 | 5161169 orangegeek
orangegeek's picture

Looks like no taper in September.


Which means that taper will end after the November mid-terms as opposed to October.


Yellen makes a good used car salesman.

Sat, 08/30/2014 - 19:44 | 5163472 fibonacci's claus
fibonacci's claus's picture

remember when the market crashed and the only green on the board was campbells soup?  that was a funny joke right?  somebody has a beautiful sense of humor don't they?  I mean that was truly hilarious right?

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