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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (365024)	4/10/2008 8:16:44 AM
From: ldo79	Read Replies (1) \| Respond to of 436258

"The Fed is still in ‘scared-to-death’ mode; so it poured an astonishing $84.75B into the system on Tuesday with $34.75B 2 and 28-day repos and $50B via TAF ($310B total). $10B to $15B of O/N repos was expected because there was $16.5B in repos expiring. Dealers submitted $97B in bids; $62.7B was mortgage-backed. The Fed said the 28-day repos are part of its Single-Tranche OMO Program, which is the direct lending to primarily dealers (that has not occurred sine the Great Depression)." from The King Report M. Ramsey King Securities, Inc. Wednesday April 9, 2008