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To: Sampat Saraf who wrote (71520)	1/21/2009 3:21:17 PM
From: Paul Kern	Read Replies (1) of 118717

Any idea what the outright coupon purchase mentioned here means to rates and FNM/FRE? They have been doing this for weeks, buying short dated agency debt, as way of injecting cash into the system -- also known as printing. Originally, Bernanke announced that they would buy long dated debt but I haven't seen any bought yet. newyorkfed.org You can sign up for email alerts here. newyorkfed.org

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