Fed buys $360 million in TIPS buyback (at MarketWatch)

Fed buys $360 million in TIPS buyback (at MarketWatch)

August 30, 2010, 11:06 am

The Federal Reserve Bank of New York purchased $360 million in inflation-indexed Treasury debt on Monday, part of officials pledge to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery.