will this big POMO move the market on thursday ?

alot of mony moving into the market thursday ? Permanent OMOs: Treasury The purchase or sale of Treasury securities on an outright basis adds or drains reserves available in the banking system. Such transactions are arranged on a routine basis to offset other changes in the Federal Reserve’s balance sheet in conjunction with efforts to maintain conditions in the market for reserves consistent with the federal funds target rate set by the Federal Open Market Committee (FOMC). Export to: Excel | XML Operation 1 - RESULTS Operation Date: 10/21/2009 Operation Type: Outright Coupon Purchase Release Time: 10:15 AM Close Time: 11:00 AM Settlement Date: 10/22/2009 Maturity/Call Date Range: 08/15/2027 - 08/15/2039 Total Par Amt Accepted (mlns) : $1,050 Total Par Amt Submitted (mlns) : $6,958

A billion in POMO is a drop in the bucket in this ocean of liquidity that the Fed has created. It barely makes any difference. Given that the bank lending is at it's trough, the POMO does not get the benefit of the multiplier effect either. It's a non-event IMO.

how many of these auctions are left?