Replies to post #18774 on Mostly: Classical

[Frank Pembleton]

Fed makes biggest agency debt purchase to date.  
  
  NEW YORK, April 13 (Reuters) - The U.S. Federal Reserve  
 bought $5.15 billion of Fannie Mae <FNM.P>, Freddie Mac <FRE.P>  
 and the Federal Home Loan Bank's debt on Monday, the New York  
 Federal Reserve said, in its biggest purchase of agency debt to  
 date.  
  
  Dealers submitted $7.93 billion for consideration in the  
 Fed's purchase of debt maturing between April 2010 and March  
 2011.  
  
  The Fed has so far bought roughly $60 billion of agency  
 notes, of the up to $200 billion it said it would purchase by  
 the end of the year as part of efforts to lower borrowing  
 costs.  
  
  For more details on the operation please click on:  
 http://www.newyorkfed.org/markets/pomo/display/index.cfm  
  (Reporting by Kristina Cooke and Lynn Adler; Editing by James  
 Dalgleish)