Federal Reserve buys no mortgage bonds, sells none
Reuters
Published Dec 06, 2018 02:06PM ET
Federal Reserve buys no mortgage bonds, sells none
NEW YORK, (Reuters) - The Federal Reserve bought no agency mortgage-backed securities in the week from Nov. 29 to Dec. 5, compared with NONE purchased the previous week, the New York Federal Reserve Bank said on Thursday.
In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments
on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.
The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae (OB:FNMA),
Freddie Mac (OB:FMCC) or the Government National Mortgage Association, or Ginnie Mae,
in the latest week. It sold none the prior week.
(New York Treasury Desk)
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