NEW YORK Dec 20 The Federal Reserve on Thursday
was selling on the open market U.S. Treasuries maturing December
2015 through January 2016, the New York Fed said on its website.
The Fed previously said it intended to sell $7 billion to $8
billion of the Treasuries on Thursday.
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 Thursday, as part of Twist, the Fed bought $1.729
billion of Treasuries maturing February 2023 through May 2030.