And here I thought we were looking at a moderate $10 billion a month... perhaps closer to 3 times that amount seems more prudent.  Below, information shared courtesy of Bill King and the King Report, posted from the New York Fed website, link can be found here. Tentative Outright Treasury Operation Schedule

Across all operations in the schedule listed below, the Desk plans to purchase approximately $27 billion. This is the amount of principal payments from agency debt and agency MBS expected to be received between mid-September and mid-October.

	Operation Date1	Settlement Date	Operation Type2	Maturity Range
	September 15, 2010	September 16, 2010	Outright Treasury Coupon Purchase	9/30/2014 – 8/31/2016
	September 16, 2010	September 17, 2010	Outright Treasury Coupon Purchase	3/15/2012 – 2/28/2013
	September 20, 2010	September 21, 2010	Outright Treasury Coupon Purchase	9/30/2016 – 8/15/2020
	September 22, 2010	September 23, 2010	Outright Treasury Coupon Purchase	3/15/2013 – 8/31/2014
	September 24, 2010	September 27, 2010	Outright Treasury Coupon Purchase	9/30/2014 – 8/31/2016
	September 28, 2010	September 29, 2010	Outright TIPS Purchase	1/15/2011 – 2/15/2040
	September 30, 2010	October 1, 2010	Outright Treasury Coupon Purchase	2/15/2021 – 8/15/2040
	October 5, 2010	October 6, 2010	Outright Treasury Coupon Purchase	9/30/2016 – 8/15/2020
	October 6, 2010	October 7, 2010	Outright Treasury Coupon Purchase	3/15/2013 – 8/31/2014

The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on October 13, 2010. ______________________________
¹Operations are tentatively scheduled to begin around 10:15 AM and close at 11:00 AM.
²Nominal coupon operations are specified as “Outright Treasury Coupon Purchase” and TIPS operations are specified as “Outright TIPS Purchase.”


In the mean time, short treasuries are up, the markets will close marginally up, and all precious metals are up pretty substantially today... Looking forward to numbers here in a short bit.