US Fed selling Treasuries maturing 5/2015 thru 11/2015
NEW YORK |
NEW YORK Aug 24 (Reuters) - The Federal Reserve on Friday was selling on the open market U.S. Treasuries maturing May 2015 through November 2015, the New York Fed said on its website.
The Fed previously said it intended to sell $7 billion to $8 billion of short-dated Treasuries on Friday.
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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