Fed Pre-Monetizes 30 Year Bond To Be Reauctioned Off Tomorrow
from Zero Hedge:
Steven Spielberg gave us Pre-Crime; Ben Bernanke gave us Pre-Monetization. Moments ago, as part of today’s concluded $1.464 billion market funding POMO operation, one of the issues purchased by the Fed was the 30 year Treasury identified as CUSIP 912810QZ4. Why is this CUSIP interesting? Because at 1 pm tomorrow, the US Treasury will issue $13 billion in the form of a 29 year 11 month bond reopening. The CUSIP of the issue: 912810QZ4. Because the only thing better than monetizing the US debt is, well, pre-monetizing the US debt.
2013-03-13 08:54:49
Source: http:///2013/03/fed-pre-monetizes-30-year-bond-to-be-reauctioned-off-tomorrow/
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