NY Fed to buy U.S. agency notes due 2010-2011

NEW YORK, Nov 9 (Reuters) - The New York Federal Reserve said on Monday it will buy U.S. agency coupon securities maturing between November 2010 and October 2011 in an open market operation on Tuesday.

The New York Fed, which conducts such operations for the Federal Reserve, has been buying debt issued by housing finance agencies Fannie Mae (FNM.N) (FNM.P), Freddie Mac (FRE.N) (FRE.P) and the Federal Home Loan Bank system with the goal of lowering mortgage rates and stabilizing the housing market.

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(Reporting by Lynn Adler, Editing by Chizu Nomiyama)