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US Fed sells $8.604 bln of shorter-dated Treasuries
March 1, 2012 / 4:11 PM / 6 years ago

US Fed sells $8.604 bln of shorter-dated Treasuries

NEW YORK, March 1 (Reuters) - The U.S. Federal Reserve on Thursday sold on the open market $8.604 billion of Treasuries maturing June 2012 through January 2013, the New York Fed said on its website.

A total of $103.373 billion of Treasuries were submitted in the sale, the New York Fed said.

The sale was part of the Fed’s latest stimulus program, dubbed “Operation Twist” -- a $400 billion 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.

For full sales details click here. (Reporting by Chris Reese)

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