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NY Fed operational purchase * Tsy 0-2.25Y,......>

FED
FED: NY Fed operational purchase
* Tsy 0-2.25Y, $6.500B accepted of $34.365B submitted
NY Fed update for next week's purchases should be around 1400ET. Additional
dealer estimates on Fed purchases: 
* Bank of America sees "Bills unlikely to materially cheapen further vs OIS due
to TGA drop our supply cuts. Fed likely to cut UST buying pace to $4B/ day due
to limited operation takedown."
* Goldman expects the "FOMC to transition to a traditional asset purchase
program, settling on a steady pace of roughly $80-120bn of UST and $25-35bn of
MBS purchases per month."

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