For last 1 year, Fed and ECB have supported this market with their open market operation inspite of stalled economy and weak economy report. Bad news became great news and good news became great news. Finally market is realizing that increasing size of fed balance sheet have come to a saturation point where good news is turning out to be bad news as Fed have option of reducing their purchase.
Fed pomo begins at 10.15 am to 11 am EST. So most of the time market reverses direction between this time. Also, day before before big fed injection, market closes in red. For Example, if Fed is going to print 3B or higher on Wednesday, market will close in red on Tuesday. So remember this calendar and plan your day trading accordingly.
The Desk plans to purchase approximately $45 billion in Treasury securities over the month of July.
|
| PURCHASE OPERATIONS | ||||
|---|---|---|---|---|
OPERATION DATE1
|
SETTLEMENT DATE
|
OPERATION TYPE
|
MATURITY RANGE
|
EXPECTED PURCHASE SIZE
|
| Mon, Jul 01, 2013 | Tue, Jul 02, 2013 | Outright Treasury Coupon Purchases | 08/15/2020 - 05/15/2023 | $2.75 - $3.50 billion |
| Tue, Jul 02, 2013 | Wed, Jul 03, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Wed, Jul 03, 2013 | Fri, Jul 05, 2013 | Outright Treasury Coupon Purchases | 04/30/2018 - 03/31/2019 | $4.75 - $5.75 billion |
| Mon, Jul 08, 2013 | Tue, Jul 09, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Tue, Jul 09, 2013 | Wed, Jul 10, 2013 | Outright Treasury Coupon Purchases | 08/15/2020 - 05/15/2023 | $2.75 - $3.50 billion |
| Wed, Jul 10, 2013 | Thu, Jul 11, 2013 | Outright Treasury Coupon Purchases | 04/30/2019 - 06/30/2020 | $3.00 - $3.75 billion |
| Thu, Jul 11, 2013 | Fri, Jul 12, 2013 | Outright TIPS Purchases | 07/15/2017 - 02/15/2043 | $1.00 - $1.50 billion |
| Fri, Jul 12, 2013 | Mon, Jul 15, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Mon, Jul 15, 2013 | Tue, Jul 16, 2013 | Outright Treasury Coupon Purchases | 08/15/2023 - 02/15/2031 | $0.75 - $1.00 billion |
| Tue, Jul 16, 2013 | Wed, Jul 17, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Fri, Jul 19, 2013 | Mon, Jul 22, 2013 | Outright Treasury Coupon Purchases | 08/15/2020 - 05/15/2023 | $2.75 - $3.50 billion |
| Mon, Jul 22, 2013 | Tue, Jul 23, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Tue, Jul 23, 2013 | Wed, Jul 24, 2013 | Outright Treasury Coupon Purchases | 04/30/2019 - 06/30/2020 | $3.00 - $3.75 billion |
| Wed, Jul 24, 2013 | Thu, Jul 25, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Thu, Jul 25, 2013 | Fri, Jul 26, 2013 | Outright Treasury Coupon Purchases | 07/31/2017 - 03/31/2018 | $4.25 - $5.25 billion |
| Fri, Jul 26, 2013 | Mon, Jul 29, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
| Mon, Jul 29, 2013 | Tue, Jul 30, 2013 | Outright Treasury Coupon Purchases | 08/15/2020 - 05/15/2023 | $2.75 - $3.50 billion |
| Tue, Jul 30, 2013 | Wed, Jul 31, 2013 | Outright Treasury Coupon Purchases | 02/15/2036 - 05/15/2043 | $1.25 - $1.75 billion |
