Tentative Outright Treasury Operation Schedule

Across all operations in the schedule listed below, the Desk plans to purchase approximately $93 billion. This represents $80 billion in purchases of the announced $600 billion purchase program and $13 billion in purchases associated with principal payments from agency debt and agency MBS expected to be received between mid-May and mid-June.

Operation Date1 Settlement Date Operation Type2 Maturity
Range
Expected Purchase Size
May 12, 2011 May 13, 2011 Outright Treasury Coupon Purchase 11/15/2013-04/30/2015 $5 - $7 billion
May 13, 2011 May 16, 2011 Outright Treasury Coupon Purchase 05/15/2018-02/15/2021 $6 - $8 billion
May 16, 2011 May 17, 2011 Outright TIPS Purchase 04/15/2013-02/15/2041 $1 - $2 billion
May 17, 2011 May 18, 2011 Outright Treasury Coupon Purchase 05/31/2015-11/15/2016 $5 - $7 billion
May 18, 2011 May 19, 2011 Outright Treasury Coupon Purchase 08/15/2028-05/15/2041 $1.5 - $2.5 billion
May 19, 2011 May 20, 2011 Outright Treasury Coupon Purchase 08/15/2021-11/15/2027 $1.5 - $2.5 billion
May 20, 2011 May 23, 2011 Outright Treasury Coupon Purchase 11/30/2016-05/15/2018 $6 - $8 billion
May 23, 2011 May 24, 2011 Outright Treasury Coupon Purchase 08/15/2018-05/15/2021 $6 - $8 billion
May 24, 2011 May 25, 2011 Outright Treasury Coupon Purchase 11/30/2013-05/15/2015 $5 - $7 billion
May 25, 2011 May 26, 2011 Outright Treasury Coupon Purchase 11/30/2012-11/15/2013 $4 - $6 billion
May 26, 2011 May 27, 2011 Outright Treasury Coupon Purchase 05/31/2015-11/15/2016 $5 - $7 billion
May 31, 2011 June 1, 2011 Outright Treasury Coupon Purchase 08/15/2028-05/15/2041 $1.5 - $2.5 billion
June 1, 2011 June 2, 2011 Outright Treasury Coupon Purchase 12/31/2016-05/31/2018 $6 - $8 billion
June 3, 2011 June 6, 2011 Outright Treasury Coupon Purchase 08/15/2018-05/15/2021 $6 - $8 billion
June 6, 2011 June 7, 2011 Outright Treasury Coupon Purchase 12/15/2013-05/31/2015 $5 - $7 billion
June 7, 2011 June 8, 2011 Outright TIPS Purchase 04/15/2013-02/15/2041 $1 - $2 billion
June 8, 2011 June 9, 2011 Outright Treasury Coupon Purchase 06/30/2015-11/30/2016 $5 - $7 billion
June 9, 2011 June 10, 2011 Outright Treasury Coupon Purchase 12/31/2016-05/31/2018 $6 - $8 billion


The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on May 11, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.

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1Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM unless noted otherwise.
2Nominal coupon operations are specified as “Outright Treasury Coupon Purchase” and TIPS operations are specified as “Outright TIPS Purchase”