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Fed to Buy $300 Billion Worth of Long-Term Treasury Bonds

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posted on Mar, 18 2009 @ 01:39 PM
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The Fed says it will buy up to $300 billion in long-term Treasury securities over the next six months.

Doing so could help the economy because many kinds of debt — from mortgages to corporate bonds — are linked to Treasury rates. Fed purchases would boost Treasury prices and drive down their rates. That would ripple through and lower rates on other kinds of debt.

www.foxnews.com...




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