NEW YORK - The New York Federal Reserve said on Thursday it will buy U.S. agency coupon securities maturing between March 2016 and July 2032 in an open market operation on Friday.

The New York Fed, which conducts such operations for the Federal Reserve, has been buying debt issued by housing finance agencies Fannie Mae (FNM.N) (FNM.P), Freddie Mac (FRE.N) (FRE.P) and the Federal Home Loan Bank system with the goal of lowering mortgage rates and stabilizing the housing market.

For details see:here (Reporting by Lynn Adler; Editing by James Dalgleish)