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OPINION

Fed buys $6.41 billion in Treasurys

Townhall Staff
Townhall Staff | Jun 08, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $6.41 billion in Treasury debt on Wednesday, part of a program that's the centerpiece of the U.S. central bank's loose monetary policy. Dealers offered to sell the Fed $23.45 billion in 2015-2016 notes. After the buyback, Treasury prices stayed up. Yields on 10-year notes /quotes/zigman/4868283 10_YEAR -1.60% , which move inversely to prices, fell 3 basis points to 2.97%.
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