Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (29584)	2/8/2002 10:50:39 AM
From: Secret_Agent_Man	Read Replies (1) of 52237

I thought Interest rates were left unchanged? FED lowers Friday February 8, 10:26 am Eastern Time Fed buying Treasury coupons dated 3/31/02-8/31/02 NEW YORK, Feb 8 (Reuters) - The Federal Reserve said on Friday it was buying U.S. Treasury securities dated March 31, 2002 through August 31, 2002 on the open market, adding permanent reserves to the banking system. The Fed said it excluded all Treasury Inflation Indexed Securities from the purchase. Bids were due from dealers by 10:45 a.m. EST (1545 GMT), for delivery on Monday. In morning dealings, federal funds were trading at 1.688 percent, below the Fed's 1.75 percent target for the rate. biz.yahoo.com

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