RTTNews - The New York Federal Reserve continued its treasury buyback program Monday as part of its efforts to thaw credit markets by injecting capital into the U.S. economy.

The New York Fed purchased $3.18 billion worth of securities with maturity dates ranging from August of 2019 to February of 2026.

The day's buyback attracted strong interest, with a total of $15.22 billion in treasuries submitted for the purchase.

With the purchase, the government has bought back $107.87 billion in treasuries since the purchase program began on March 25th.

Late last week, the New York Fed purchased $2.98 billion worth of securities with maturity dates ranging from May of 2010 to February of 2011.

That buyback had a total of $27.09 billion in treasuries submitted for the purchase.

In the bond markets, treasuries are showing moderate weakness, with the yield on the benchmark ten-year note up 2.4 basis points, at 3.147 percent.

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