December 6th, 2010 
admin NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $2.044 billion in Treasury debt on Monday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Through Friday, the Fed has bought $163 billion in Treasurys. Dealers offered to sell the Fed $10.247 billion in debt maturing from 2028 to 2040. After the announcement, the broader bond market stayed higher, pushing yields in the opposite direction. Yields on 10-year notes fell 6 basis points to 2.95%.
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