Business & Finance

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

Published Updated

 

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.

 

Copyright Reuters, 2012