Fed Buys $427 Million During POMO

The New York Federal Reserve purchased $427 million in U.S. Treasury Inflation Protected Securities (TIPS) debt during its permanent open market operations (POMO) today. Dealers submitted $4.898 billion worth of debt, with the government receiving almost five bids for every one it accepted, which is sharply higher than in previous auctions. Maturities purchased were from 04/15/2013 - 02/15/2041. For a full list of CUSIPs purchased, please visit the