Commentaries

Tidbits from the FOMC minutes…

September 2, 2009

Just going through the FOMC minutes now and there were a couple of interesting bits worth flagging:

FOMC tripping over Treasury auctions

August 10, 2009

It’s an age old complaint from bond investors – FOMC meetings in the middle of quarterly refundings screw up the bid. After all, who wants to aggressively bid on new Treasurys on the auction block before they know what the Fed is going to say about interest rates – or in today’s world, what they’re going to with their Treasury purchases.