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Wednesday, September 21, 2011

FRBNY Details "Maturity Extension Program"

Statement from the FRBNY today, in reaction to today's FOMC actions :
"On September 21, 2011, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase, by the end of June 2012, $400 billion in par value of Treasury securities with remaining maturities of 6 years to 30 years and to sell, over the same period, an equal par value of Treasury securities with remaining maturities of 3 years or less."
Full statement here; they have included some schedule and maturity distributional data.

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