We got to see the effect of the Fed’s first round of permanent open market operations in the new balance sheet stabilization program this week when it bought $2.55 billion of Treasuries in 4 to 6 year maturities on Tuesday. Another purchase is set for tomorrow. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.