MW: Fed buys $7.56 bln in Treasurys; bonds stay up
By Deborah Levine
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $7.56 billion in Treasury bonds on Monday, as part of a program that is the centerpiece of the Fed's loose monetary policy. Dealers offered the Fed $24.6 billion debt maturing from 2018 through 2021. After the buyback, Treasurys held onto gains. Yields on U.S. 10-year notes (UST10Y 3.35, -0.05, -1.59%) , which move inversely to prices, fell 6 basis points to 3.34%.
