NEW YORK (Dow Jones)--The Federal Reserve is scheduled Thursday to sell Treasurys due June 15, 2012 and January 31, 2013.
The central bank is scheduled to conduct the selling around 10:15 a.m. EST and the result is scheduled to be released shortly after 11 a.m. EST.
It is part of the central bank's latest monetary stimulus for the economy, known as Operation Twist that was launched in October 2011. The central bank plans to sell $400 billion bonds maturing between three months and three years and use the cash to buy Treasurys maturing between six years and 30 years through mid-2012.
Fed funds were last quoted at 0.12%, compared to the federal-fund target range of 0 to 0.25%, according to Tullett Prebon data.
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