NEW YORK CITY-The Federal Reserve Bank of New York has purchasedTreasury debt worth $3.609 billion, which will mature between 2016and 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 Treasurysecurities of about $18 billion in nine separate transactions untilSep 13. These purchases mark the first-ever acquisition by Fed ofdebt in the US since last October. For the full story, goto Structured Finance.
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