Fed buys $6.7 bln in Treasurys; bonds stay down

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NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $6.688 billion in Treasury debt on Friday, 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 $37.36 billion in Treasurys maturing from 2013 to 2015. Since the program began in August, the Fed had bought about $419 billion. After the buyback, bonds stayed down, pushing yields up. Yields on 10-year notes rose 5 basis points to 3.63%.

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