NY Fed outlines what maturities it will buy

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NY Fed outlines what maturities it will buy
WASHINGTON (MarketWatch) -- A separate statement from the New York Fed on Wednesday detailed which maturities it will buy of the $400 billion in proceeds from selling short-term securities. It's planning 32% of the purchases between 6 and 8 years, 32% between 8 and 10 years, 29% between 20 and 30 years, 4% between 10 and 20 years and 3% in inflation-protected securities between 6 and 30 years. The New York Fed is the regional Fed bank that conducts open market operations.