Fed offering 15 bln usd outright sale of securities

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03-12-2008, 10:07 PM

watxxx

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Join Date: Mar 2008

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Fed offering 15 bln usd outright sale of securities

The Federal Reserve has announced an outright sale of 15 bln usd in Treasury bills maturing in May and June.

The so-called coupon pass offers to sell 3 bln usd each of T-bills maturing on May 8, 15, 22 and 29 and on June 5.

The sale permanently changes the size of the Fed's System Open Market Account (SOMA) portfolio, transferring cash from the financial markets to the Fed's account.

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