TUESDAY, DECEMBER 28, 2010.
Fed Purchases $6.78B in Treasurys
The Federal Reserve Bank of New York purchased Treasury debt worth $6.78 billion on Tuesday, reports MarketWatch.
Fed officials said they expected to purchase $6 billion and the bank was offered $25.567 billion in debt, which would mature from 2013 to 2014.
As a result of the announcement, yields rose.
10-year note yields rose to 3.39%, a gain of 5 basis points.
The Treasury debt purchase was the Fed's first of two buyback operations for this week.