In keeping with the balanced approach, the Fed plans on purchasing approximately $45 billion and sell approximately $44 billion in Treasury securites this month. At this $45 billion pace month after month, the $400 billion is reached in about 9 months, thus, October 2011 thru June 2012, but the Fed has not placed any time limit on Operation Twist.
The POMO Pump link in the right margin takes you to the current Operation Twist Schedule. Effects on the amrkets typcially occur between 10 AM and 11:30 AM on the days listed in the schedule. The new schedule for February will be released on Tuesday, 1/31/12 at 2 PM EST.
On 10/1/11 as Operation Twist was kicked off, the 10-year yield was 1.92%. The 30-year yield was 2.92%.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
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