NY Fed To Buy Agency Debt At Auction Monday
March 20 2009 - 12:11PM
Dow Jones News
The New York Federal Reserve will buy agency debt securities
Monday at a buyback auction to be held between 10:30 a.m. EDT (1430
GMT) and 11 a.m. EDT.
This time around, the central bank will buy securities with
maturities between April 2011 and February 2013.
Earlier this week, the Fed announced it was increasing its
purchases of agency debt by an additional $100 billion.
Risk premiums on agnecy debt tightened one to three basis points
on the short end after the announcement, according to data from
TradeWeb.
-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371; anusha.shrivastava@dowjones.com