Forex

The Federal Reserve has sold outright of 15 bln usd in Treasury bills maturing in May and June.

The so-called coupon pass sold 3 bln usd each of T-bills maturing on May 8, 15, 22 and 29 and on June 5.

Bids for the 15 bln usd in T-bills totaled 57 bln usd.

The sale permanently changes the size of the Fed's System Open Market Account (SOMA) portfolio, transferring cash from the financial markets to the Fed's account.