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)