NEW YORK Dec 6 The Federal Reserve on Thursday
was buying on the open market U.S. Treasuries maturing December
2018 through November 2020, the New York Fed said on its
The Fed previously said it intended to buy $4.25 billion to
$5.25 billion of the Treasuries on Thursday.
The purchase was part of the Fed's "Operation Twist"
stimulus program - 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.
Earlier in the day, the Fed bought $1.98 billion of
Treasuries maturing February 2036 through November 2042.