Across all operations in the schedule listed below, the Desk plans to purchase approximately $105 billion. This represents $75 billion in purchases of the announced $600 billion purchase program and $30 billion of principal payments from agency debt and agency MBS expected to be received between mid-November and mid-December.
The Treasury sells $16B in 30-year bonds at 4.32% (.pdf). Bid-to-cover of 2.31, vs. a recent 2.5; indirect bidders take 38.4%, vs. a recent 37.8%. Direct bidders take 10.8%, vs. a recent 19.2%. A difficult auction, and longer Treasurys tumble further: 30-year yield +0.07 to 4.32%; 10-year +0.05 to 2.74%.