Reuters: Economic News: Fed buys $2.085 billion in Treasuries

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Fed buys $2.085 billion in Treasuries Mar 30th 2012, 15:50 NEW YORK | Fri Mar 30, 2012 11:50am EDT NEW YORK (Reuters) - The Federal Reserve on Friday bought $2.085 billion in Treasuries with maturities ranging from February 15, 2036 to February 15, 2042. A total of $5.949 billion of Treasuries were submitted, the New York Fed said. The purchases were 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.

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