MW: Fed buys $5.01 bln in bonds; Treasurys stay down
By Deborah Levine
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $5.01 billion in Treasury debt on Wednesday as part of a program that is the centerpiece of the Fed's loose monetary policy. Dealers offered the Fed $42.89 billion in debt maturing from 2012 through 2013. After the buyback, Treasury prices pared losses. Yields on 10-year notes (UST10Y 3.52, +0.02, +0.66%) , which move inversely to prices, rose 2 basis points to 3.52%.
