Fed buys $1.5 bln in TIPS; Treasurys stay up

NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $1.5 billion in Treasury Inflation Protected Securities on Friday, as part of a program that is the centerpiece of the Fed's easy monetary policy. Dealers offered the Fed $4.261 billion debt maturing from 2013 through 2041. After the buyback, Treasurys stayed higher. Yields on 10-year notes, /quotes/comstock/31*!ust10y (UST10Y 3.51, -0.04, -1.15%) , which move inversely to prices, fell 5 basis points to 3.51%