Fed Cancels POMO

Ok, what the hell is going on? This is the first POMO ever cancelled in QE/Lite/Twist history

Ikke angivet Ikke angivet,

30/11/2011

Ok, what the hell is going on? This is the first POMO ever cancelled in QE/Lite/Twist history. As a reminder, today the Fed was supposed to sell $8 billion in 2013 bonds: a liquidity withdrawing operation. Just how little liquidity is there in the "system"?