March 21, 2011, 11:05 a.m. EDT
Fed buys $2.1 bln in Treasurys; bonds stay down
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $2.07 billion in Treasury debt on Monday as part of a program that is the centerpiece of the Fed's loose monetary policy. Dealers offered the Fed $8.32 billion in debt maturing from 2028 through 2041. After the buyback, Treasurys stayed down. Yields on 10-year notes (U.S.:UST10Y) , which move inversely to prices, rose 8 basis points to 3.35%