Bloomberg News

Fed Bought $4.76 Billion of Treasuries in Day’s Second Operation

April 10, 2012

The Federal Reserve bought $4.76 billion in Treasury securities as part of its plan to lower borrowing costs that is known as Operation Twist.

The central bank bought debt maturing from April 2018 to November 2019 in its second open-market operation of the day, according to the Federal Reserve Bank of New York’s website. It purchased $1.843 billion of notes due in February 2036 to May 2041 earlier.

The Fed is replacing $400 billion of short-term debt in its portfolio with longer-term Treasuries to limit borrowing costs and counter risks of a recession.

To contact the reporter on this story: Liz Capo McCormick in New York at emccormick7@bloomberg.net

To contact the editor responsible for this story: Paul Cox at pcox16@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus