Federal Reserve Buys $7.5 Billion of Treasuries in Coupon Pass

The Federal Reserve bought $7.5 billion of Treasuries maturing between May 2016 and February 2019 as part of the central bank’s effort to reduce lending rates and lift the world’s largest economy out of recession.

Ten of the 18 securities listed for possible purchase were acquired, according to a Federal Reserve Bank of New York statement today. The 16 primary dealers that trade with the central bank offered $21.114 billion of securities for consideration. Read more about the Federal Reserve…