POMO Starts In Just A Few Minutes

The hype of the General Motors GM IPO is over, and everyone can return to their regularly scheduled POMO. Today's auction starts in just a few minutes and will buy between $1.5 billion and $2.5 billion worth of debt. The expiring maturities are 8.15.2028 to 11.15.2040. The broader markets are down sharply this morning, with the Dow down 50 points, the S&P off 6 and the NASDAQ down 12 points.