Fed Cancels POMO Due To “System Difficulties”

From Zerohedge.com:

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”?

Plugin by: PHP Freelancer
This entry was posted in Editorial, Financial and tagged , . Bookmark the permalink.