NEW YORK CITY-The Federal Reserve Bank of New York has purchased Treasury debt worth $3.609 billion, which will mature between 2016 and 2020. The Fed started the program on Aug 17 and has bought $6.16 billion in Treasury debt ever since.
The Fed also reported that it will be acquiring Treasury securities of about $18 billion in nine separate transactions until Sep 13. These purchases mark the first-ever acquisition by Fed of debt in the US since last October. For the full story, go to Structured Finance.
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