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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 675.37-1.2%4:00 PM EST

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To: GROUND ZERO™ who wrote (35974)8/3/2012 10:26:02 PM
From: Challo Jeregy  Read Replies (2) of 218383
 
Ben started a new program today -

the stealth QE.
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"beginning Friday, August 3, the New York Fed intends to conduct a series of small-value repos using all eligible collateral types. The repos will be conducted only with the primary dealers. The New York Fed has not conducted a REPO since December 30, 2008."

newyorkfed.org

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Temporary Open Market Operations for August 03, 2012
Last Updated: August 03, 2012 9:56 AM
Number of Operations Today: 1

This operation is part of the operational readiness program announced in our August 2, 2012 statement.

The results for the following single collateral tranche operation have been released:

Deal Date: Friday, August 03, 2012
Delivery Date: Friday, August 03, 2012
Maturity Date: Monday, August 06, 2012
Type of Operation1: Repo
Auction Method: Multiple Price
Settlement: Same Day
Term of Operation2: 3 Days
Operation Close Time: 09:55 AM

ResultsAmount ($B)Rate (%)
Collateral Type SubmittedAcceptedStop-Out3Weighted
Average4
High Low
Treasury0.2100.2100.170.1700.170.17


newyorkfed.org

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Zero Hedge saw it -

zerohedge.com
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