POMO Calendar

In case you were curious, here is a breakdown of the Desk’s agency purchases for the month ending November 13, 2013.  Units in millions.  Data from the Federal Reserve Bank of New York.

POMOAgency purchases are pretty steady throughout the month, give or take $200 million.  It is roughly $2,600 million per day for 22 days.  People say the market goes up on days when the Desk is buying.  I don’t see it.  This chart shows combined agency and treasury purchases, compared to the daily percentage change in the SP500.


This entry was posted in Economics, Indicators and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s