Fed bought $5 bln of agency debt on Monday
NEW YORK, April 13 (Reuters) - The U.S. Federal Reserve bought $5.15 billion of Fannie Mae (FNM.P: Quote, Profile, Research), Freddie Mac (FRE.P: Quote, Profile, Research) and the Federal Home Loan Bank's debt on Monday, the New York Federal Reserve said on its website.
Dealers submitted $7.93 billion for consideration in the Fed's purchase of debt maturing between April 2010 and March 2011. The Fed has so far bought roughly $60 billion of agency notes, of the up to $200 billion it said it would purchase by the end of the year as part of efforts to lower borrowing costs.
For more details on the operation please click on: here (Reporting by Kristina Cooke; Editing by Leslie Adler)
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