Fed Monetizes $8.3 Billion During POMO

The NY Federal Reserve has just concluded its POMO for today, monetizing $8.3 billion in bonds, inline with market expectations. The Fed said it would be buying back $7-$9 billion in today's auction. Managers submitted $33.51 billion worth of bonds, which made the auction more than 4 times oversubscribed. The maturity dates purchased were 02/15/2018 - 11/15/2020. For a full list of CUSIPs, purchased, please visit the NY Fed website.