×

U.S. Fed sells $7.8 bln of shorter-dated Treasuries

NEW YORK, Oct 10 (Reuters) - The Federal Reserve on Wednesday sold on the open market $7.8 billion of U.S. Treasuries maturing April 2014 through February 2015, the New York Fed said on its website.

Dealers submitted a total of $44.482 billion of Treasuries for the sale, the New York Fed said.

The sale was part of the Fed's "Operation Twist" stimulus program , which extends the maturity of the central bank's Treasuries holdings in a bid to lower mortgage rates and other long-term borrowing costs.

For details, click on .

(Reporting by Chris Reese; Editing by Leslie Adler)

((chris.reese@thomsonreuters.com)(+1 646 223 6073)(chris.reese.reuters.com@reuters.net))

Keywords: MARKETS FED/SALES