NEW YORK Nov 30 The Federal Reserve will buy
about $45 billion of Treasuries in 15 operations in December and
will sell about $35 billion of Treasuries in five operations,
the New York Fed said on its website on Friday.
The operations are part of a continuation of the Fed's
"Operation Twist" stimulus effort, which extends the maturity of
the U.S. central bank's holdings of Treasury debt in a bid to
lower mortgage rates and other long-term borrowing costs. The
program is scheduled to finish at the end of December.
An additional sixth sale has been tentatively scheduled for
the afternoon of Dec. 27 to ensure the total sale and redemption
amount is met, the New York Fed said, adding the schedule will
be updated on Dec. 20 with details on whether the Dec. 27 sale
The Fed will also redeem about $400 million in Treasury
securities in December, the New York Fed said.