May 14, 2009 / 3:06 PM / 8 years ago

NY Fed says bought $2.98 bln of Treasuries

1 Min Read

NEW YORK, May 14 (Reuters) - The New York Federal Reserve on Thursday said it bought $2.98 billion of Treasuries maturing between October 2010 and February 2011.

Dealers submitted $27.09 billion for consideration in the operation.

The purchase was part of its emergency effort to keep long-term interest rates low. The Fed said in March it would buy up to $300 billion in U.S. government bonds over six months.

For more details on the securities involved in Thursday's purchase go to here (Reporting by Kristina Cooke, Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below