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*** NY Fed announces it will conduct............>

FED
FED: *** NY Fed announces it will conduct purchases across the curve as part of
$60bln reserve management for the monthly period between Mar 13-Apr 13. Begins
tomorrow. Across TIPS, FRNS, nominal coupons, bills, among 11 sectors.
- Also announces $500bln in 3-month repo operation at 1330ET, and another one
tomorrow (alongside $500bln in one-month repo). 3-Month and 1-month repo ops for
$500bln will be offered on a weekly basis for the rest of the month to Apr 13,
as well as at least $175bln in daily overnight repo ops and at least $45bln in
two-week term repo ops twice a week.
- Equities and Treasuries rallying in tandem.
- Link to announcement:
https://www.newyorkfed.org/markets/opolicy/operating_policy_200312a

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