The Federal Reserve on Friday sold on the open market $7.802 billion of U.S. Treasuries maturing February 2013 through February 2014, the New York Fed said on its website.
Dealers submitted a total of $78.036 billion of Treasuries for the sale, the New York Fed said.
The sale was part of the Fed's "Operation Twist" stimulus program -- a program that extends the maturity of the central bank's Treasuries holdings in a bid to lower mortgage rates and other long-term borrowing costs.
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(Reporting by Chris Reese; Editing by Leslie Adler)
Keywords: MARKETS FED/SALES