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NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $6.94 billion of Treasury debt on Friday as part of a program that is the centerpiece of the Fed’s loose monetary policy. Dealers offered the Fed $16.65 billion in notes maturing from 2013 through 2015. Treasury prices held onto gains after the buyback. Yields on 10-year notes , which move inversely to prices, fell 6 basis point to 3.17%.

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WASHINGTON (MarketWatch) — Five top banks probed by federal and state authorities over mortgage practices have offered $5 billion to settle the case, The Wall Street Journal and Bloomberg News reported, citing people familiar with the matter. The $5 billion offer is less than the $20 billion that some of the officials want in penalties. The lenders’ proposal comes as government officials called for a fund administered by state and federal officials to pay for principal writedowns, Bloomberg reported, citing a spokesman for Iowa Attorney-General Tom Miller. The big banks are Bank of America , J.P. Morgan Chase , Citigroup , Wells Fargo and Ally Financial, which combined service nearly two in three home loans. Federal bank regulators already have sanctioned 14 banks but haven’t meted out fines.

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WASHINGTON (MarketWatch) — Consumer credit grew at an annual rate of 3% in March, or by $6.02 billion, according to the latest data from the Federal Reserve released Friday. Revolving credit, which includes credit cards, rose 2.9% and nonrevolving credit, like student and auto loans, increased 3%. The gain in revolving credit was only the second since August 2008. Student loans accounted for all of the gains on the nonrevolving side. In February, consumer credit grew by 3.8%, or $7.56 billion.

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NEW YORK (MarketWatch) — The dollar jumped sharply and Treasury prices extended gains Thursday after a report showed U.S. jobless claims unexpectedly climbed again in the latest week. The dollar index , which measures the greenback’s performance against a basket of six major currencies, rose to 73.389, from 73.100 before the data and from 73.095 in late North American trading. The euro fell to $1.4730, from $1.4815 before the data and $1.4834 Wednesday. European Central Bank President Jean-Claude Trichet began his monthly press conference at the same time, and is expected to indicate another rate hike forthcoming for the euro zone. Against the Japanese yen , the dollar stuck to its losses, buying 79.79, from ¥80.61. Yields on 10-year notes , which move inversely to prices, fell 4 basis points to 3.19%.

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WASHINGTON (MarketWatch) – The Federal Reserve’s Federal Open Market Committee on Wednesday left its key interest rate at an historic low range of 0% to 0.25% and said its $600 billion bond-buying program would end as scheduled on June 30. Inflation has picked up and the Fed now says the economic recovery is proceeding at “a moderate pace,” but the central bank still said the inflation pickup will be temporary and the jobs market is still a concern. The decisions were widely expected. The FOMC made only few changes to the language of the policy statement it issued in March and did not give guidance on the outlook of policy after the end of quantitative easing. The FOMC repeated that rates are likely to stay low for an “extended period.” The Fed gave itself flexibility by adding that it would “adjust” its holdings of Treasurys and mortgage-backed securities as needed. Attention now turns to Fed chairman Ben Bernanke’s first-ever news conference scheduled to begin at 2:15 p.m. Eastern. The Fed will also release its updated economic forecasts for 2011 and 2012 just before the press conference begins.

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NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $1.5 billion in Treasury debt on Wednesday as part of a program that is the centerpiece of the Fed’s loose monetary policy. Dealers offered the Fed $7.36 billion in Treasury Inflation Protected Securities, or TIPS, maturing from 2013 through 2041. Treasury prices stayed under mild pressure after the buyback. Yields on 10-year notes , which move inversely to prices, rose 3 basis points to 3.39%.

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NEW YORK (MarketWatch) — Treasury prices extended gains and the dollar pared its advance on Friday after the U.S. said its consumer price index, excluding food and energy, increased 0.1%, a little less than expectations. Total prices rose 0.5% in March. A separate report showed manufacturing in the New York region improved more than forecast. The dollar index , which measures the greenback against a basket of six currencies, traded at 74.788 versus 74.837 before the data and up from 74.683 late Thursday. The euro fell to $1.4454, down from $1.4493 in late North American trading on Thursday. Yields on 10-year notes , which move inversely to prices, fell 8 basis points to 3.43%, after trading near 3.46% before the reports. Still to come is data on industrial production in March, consumer confidence for April and a Federal Reserve buyback.

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NEW YORK (MarketWatch) — The dollar fell further and Treasury prices held onto gains on Tuesday after data showing U.S. import prices rose more than expected and the trade deficit narrowed less than analysts forecast. The dollar index , a measure of the U.S. unit against a basket of six other currencies, traded at 74.754, down from 74.989 in late North American trading on Monday. The euro rose to $1.4509, versus $1.4445 Monday, and the dollar fell about 0.6% versus the Japanese yen . Yields on 10-year notes , which move inversely to prices, fell 7 basis points to 3.52%. U.S. bonds were in demand before the data as the situation with Japan’s nuclear plant got worse. Strategists at RBS Securities said “Treasurys rallied in Tokyo as Japan upgrades the accident rating to 7,” in regards to its nuclear power plant that’s been leaking radiation since the massive earthquake and tsunami nearly a month ago.

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SAN FRANCISCO (MarketWatch) — Treasury prices held near the flat line Monday as investors took cautious positions before the week’s $66 billion in note and bond auctions and a report on …

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SYDNEY (MarketWatch) — Treasurer Wayne Swan said Sunday that the recent floods in the eastern side of the country, together with Cyclone Yasi, have made “the difficult task of compiling next month’s budget even more difficult.” The Treasury is now estimating that the cost to the Australian economy from these disasters will be around 9 billion Australian dollars ($9.4 billion). “Weaker growth will clearly mean that revenues take a substantial hit in the near-term, and this comes on top of the rebuilding and recovery costs in Queensland. As the prime minister said last week, they’ll need to be some tough decisions in the budget as we stick to our strict fiscal rules,” he said.

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