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US Fed sells $8.633 bln of shorter-dated Treasuries
NEW YORK |
NEW YORK May 22 (Reuters) - The Federal Reserve on Tuesday sold $8.633 billion of Treasuries with maturities ranging from March 2013 through September 2013, the New York Fed said on its website.
A total of $75.077 billion of Treasuries were submitted in the sale, the New York Fed said.
The sale 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.
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