Fed buys $360 million in TIPS buyback
NEW YORK (MarketWatch) — The Federal Reserve Bank of New York purchased $360 million in inflation-indexed Treasury debt on Monday, part of officials’ pledge to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery. Analysts expected TIPS would make up a small portion of the Fed’s buybacks. The central bank was …
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