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NY Fed says to buy agency debt on Friday

Thu Jul 9, 2009 12:54pm EDT

NEW YORK, July 9 (Reuters) - The U.S. Federal Reserve will buy debt of Fannie Mae, Freddie Mac and the Federal Home Loan Bank on Friday, the New York Federal Reserve said on its website on Thursday.

The outright agency coupon purchase will take place between 10:30 a.m. and 11 a.m. ET, the New York Fed said, and will target maturities between July 2010 and July 2011. For more details on the eligible securities, please see: here

(Reporting by Kristina Cooke, Editing by Chizu Nomiyama)



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