Bloomberg News

Fed Begins Buying Treasuries Under Maturity Extension Program

July 05, 2012

The Federal Reserve began buying Treasuries as part of its program to replace $667 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to reduce borrowing costs further and counter rising risks of a recession.

The Federal Reserve Bank of New York listed the securities it is considering for purchase during today’s operation on its website.

To contact Bloomberg News for this story:

The Good Business Issue
blog comments powered by Disqus