The Federal Reserve is scheduled Tuesday to buy Treasury bonds
maturing Feb. 15, 2036 and May 15, 2042.
The central bank is scheduled to conduct the purchases around 10:15
a.m. EDT and the results are scheduled to be released shortly after 11
a.m. EDT.
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 June.
Fed funds were last quoted at 0.160%, compared to the federal-fund
target range of 0 to 0.25%, according to Tullett Prebon data.
Write to Min Zeng at min.zeng@dowjones.com
(END) Dow Jones Newswires
June 12, 2012 08:27 ET (12:27 GMT)
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