Fed buys $7.24 bln in Treasurys; bonds stay up

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NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $7.24 billion in Treasury debt on Thursday, part of the Fed's second round of quantitative easing, and includes purchases made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered the central bank $23.106 billion in Treasurys maturing from 2018 to 2021. Since the program began in August, the Fed had bought about $412 billion, according to Morgan Stanley. After the buyback, bonds stayed up, pushing yields down. Yields on 10-year notes fell 6 basis points to 3.57%.

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