June 12, 2014 / 3:15 PM / 3 years ago

Federal Reserve buys $703 mln of TIPS

NEW YORK, June 12 (Reuters) - The Federal Reserve on
Thursday bought $703 million of Treasury Inflation-Protected
Securities maturing April 2028 through February 2044 as part of
its economic stimulus program, the New York Fed said on its
website.
    Dealers submitted a total of $4.641 billion of TIPS for the
purchase.
    For full details see: here
    

 (Reporting by Chris Reese; Editing by James Dalgleish)

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