Fed buys $2.085 billion in Treasuries

NEW YORK Fri Mar 30, 2012 11:50am EDT

NEW YORK (Reuters) - The Federal Reserve on Friday bought $2.085 billion in Treasuries with maturities ranging from February 15, 2036 to February 15, 2042.

A total of $5.949 billion of Treasuries were submitted, the New York Fed said.

The purchases were was part of the Fed's latest stimulus program, dubbed "Operation Twist" -- a $400 billion program that extends the maturity of the central bank's Treasuries holdings in a bid to lower mortgage rates and other long-term borrowing costs.

For full sales details click here

(Reporting by Ellen Freilich; Editing by Chizu Nomiyama)

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.