NEW YORK, Feb 9 (MNI) – The New York Federal Reserve purchased
$6.25 billion agency mortgage-backed securities in the week ended
February 8.
The largest purchases in the latest week were in Fannie Mae and
Freddie Mac 30-year “to-be-announced” (TBA) securities with 3.50%
coupons for March delivery. Those buys totalled $3.55 billion.
In its next largest purchase of the week, the Fed stepped up its
buying of Ginnie Mae and Ginnie Mae II securities by purchasing a total
of $950 million 30-years with a 3.5% coupon for April delivery.
The NY Fed executed no TBA dollar roll trades in the latest week.
The Fed also said it will announce how many agency MBS it expects
to buy in the month ahead on Friday.
** Market News International New York Newsroom: 212-669-6430 **
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