US Fed sells $8.625 bln of shorter-dated Treasuries
NEW YORK, June 28 |
NEW YORK, June 28 (Reuters) - The Federal Reserve on Thursday sold $8.625 billion of Treasuries with maturities ranging from November 2014 through June 2015, the New York Fed said on its website.
A total of $52.962 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 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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