New York Fed announces QE2 purchase plan

new-york-fed2

The trading desk at the New York Federal Reserve has detailed how it plans to buy roughly $105 billion-worth of US Treasuries over the course of the next month.

Of the $105 billion, $75 billion of the purchases will be conducted in connection with the Federal Open Market Committee's (FOMC) 3 November decision to buy $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, while the remaining $30 billion relates to the Fed's 10 August decision to reinvest principa

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: