Buyback

April 30th, 2009 9:07 am | by John Jansen |

The Federal Reserve will intervene in the market later this morning to purchase August 2019 through February 2026 treasury bonds.

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  1. 4 Responses to “Buyback”

  2. By troy on Apr 30, 2009 | Reply

    could be that statement was the cause for the slight rebound in Ts? (i must say i don’t see any relief in sight for Ben) Unless he declares a new round of atomic style QE, but that should tickle PMs big time. Any other way out for this fool?

  3. By Michael Krause on Apr 30, 2009 | Reply

    I think we may be the fools to assume QE will not ramp up. It is just a matter of when and where. I think maybe they are waiting to see the effects of the next foreclosure wave before they drop the atomic bomb and print a few trillion more.

    Look at this interesting graphic comparing the last high interest rate era to what could be soon (if the Fed doesn’t start printing more aggressively):

    http://3.bp.blogspot.com/_FM71j6-VkNE/Sfmmnxyc2FI/AAAAAAAACQY/6HcVFmybFik/s1600-h/comparison1.jpg

  4. By euridice on Apr 30, 2009 | Reply

    at what time do we know the results of that intervention ?
    the fed site just mentionns the date but not the hour

  5. By John Jansen on Apr 30, 2009 | Reply

    I am assuming 1030 announcement with results shortly after 1100AM New York City time

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