Fed Buys $5.008 Billion In Treasurys

SAN FRANCISCO -- The Federal Reserve Bank of New York on Thursday bought $5.008 billion in Treasury debt, part of the Fed's second round of quantitative easing, and includes purchases made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered the central bank $34.904 billion in Treasurys maturing from 2012 to 2013. After the buyback, bond prices firmed, with yields declining. Yields on 10-year notes , which move inversely to prices, fell to 3.43% from 3.44%.

Read more: http://www.foxbusiness.com/2011/02/24/fed-buys-5008-billion-treasurys/#ixzz1EzLJnPLP

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