The Federal Reserve will buy about $32 billion of Treasuries and Treasury inflation-protected securities in nine operations from Oct. 15 through Nov. 8, the New York Fed said on Wednesday.
The purchases will be made under a program announced by the Fed at its Aug. 10 meeting, under which it is buying Treasuries and TIPS using funds from maturing agency bonds and mortgage-backed securities in an effort to keep steady its holdings of domestic securities.
To date, the Fed has bought about $44 billion, primarily made up of Treasuries, under the program.
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