Fed Buys $4.714 Billion of Treasuries in Maturity Extension
By Bloomberg News -
2012-07-05T15:04:30Z
The Federal Reserve bought $4.714 billion of Treasuries as part of its program to replace $667 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to reduce borrowing costs further and counter rising risks of a recession.
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