NEW YORK Dec 18 The Federal Reserve on Tuesday
was selling on the open market U.S. Treasuries maturing June
2015 through November 2015, the New York Fed said on its
The Fed previously said it intended to sell $7 billion to $8
billion of the Treasuries on Tuesday.
The sale 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 on Tuesday, as part of Twist, the Fed bought $1.698
billion of Treasuries maturing February 2036 through November