Wednesday, 13 May 2009

Fed buys $3.51 billion in Treasurys

NEW YORK (Marketwatch) -- The Federal Reserve Bank of New York bought $3.51 billion in Treasurys maturing between 2026 and 2039 on Monday. The buyback is part of the central bank's program to keep borrowing costs lower and spur economic activity. Dealers offered $10.426 billion to be purchased. Ten-year note yields /quotes/comstock/31*!ust10y (UST10Y 3.17, 0.00, -0.06%) , which move inversely to prices, remained lower by 8 basis points to 3.21%. U.S. debt was supported by the Fed purchases and declining stock markets.

1 comment:

  1. Mr Pedro is absolutely incredible. He’s been so responsive, so patient & honest, and just wonderful at his job as a loan officer. I will buy every future house with him if I ever move to DC. He’s just the absolute best.”  
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