The New York Federal Reserve continued to purchase longer-term Treasury Securities Wednesday, snatching up $6.008 billion in securities set to mature between May 2012 and May 2013.
The largest single batch of bonds totaled $1.201 billion and will mature on June 30th, 2010. The second largest, a purchase of $1.079 billion, will mature on July 31 2010.
Dealers submitted nearly $16.95 billion in Treasuries to the Fed for purchase consideration.
The purchase was the fourth in the Treasury purchase program, which was announced at the Federal Open Market committee's March meeting and began last week.
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