Fed selling Treasuries maturing 5/2014 thru 4/2015: NY Fed

NEW YORK: The Federal Reserve on Wednesday was selling on the open market US Treasuries maturing May 2014 through April 2015, the New York Fed said on its website.

The Fed previously said it intended to sell $7 billion to $8 billion of short-dated Treasuries on Wednesday.

The sale was part of the Fed's "Operation Twist" stimulus program - a program that extends the maturity of the central bank's Treasuries holdings in a bid to lower mortgage rates and other long-term borrowing costs.