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IPFS News Link • Federal Reserve

Fed buys $2.049 billion in Treasurys

• Market Watch
The Federal Reserve Bank of New York bought $2.049 billion in Treasurys on Tuesday, in the first of two buybacks this week. Dealers submitted $7.004 billion in debt maturing between 2021 and 2026 to the Fed. Analysts expected the central bank to buy less than $3 billion, based on past purchases in this maturity range. Policy makers said they will slow down purchases to finish the buybacks in October in an effort to keep borrowing costs, particularly for companies and homebuyers, affordable. After the buyback, 10-year note yields (UST10Y 3.43, +0.01, +0.26%) , which move in the opposite direction of prices, remained higher on the day by 2 basis points at 3.44%

1 Comments in Response to

Comment by Patriot 2012
Entered on:

its our Money they are selling.....How long before we start using the Gullotin?