By Canadian Press

NY Fed to buy a range of Treasurys to try to ease jitters

Mar 12, 2020 | 11:22 AM

WASHINGTON — The New York Federal Reserve is stepping up its purchases of Treasurys to try to ease jitters in the financial markets over the coronavirus outbreak. The Fed is also injecting $500 billion into short-term lending markets to address disruptions in the Treasury market. The move caused the stock market to sharply pare its losses.

Christopher Rugaber, The Associated Press