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Fed sells $7.67 bln of shorter-dated Treasuries
November 14, 2012 / 4:07 PM / 5 years ago

Fed sells $7.67 bln of shorter-dated Treasuries

NEW YORK, Nov 14 (Reuters) - The Federal Reserve on Wednesday sold on the open market $7.67 billion of U.S. Treasuries maturing May through June 2015, the New York Fed said on its website.

Dealers submitted bids for a total of $41.45 billion of Treasuries for the sale, the New York Fed said.

The sale was part of the Fed’s “Operation Twist” stimulus program , which 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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