(MENAFN) The Fed Reserve bought USD6.461bn of agency mortgage-backed securities in the week from July 13 to July 19, compared with USD5.656bn bought the previous week.
Meanwhile, the U.S. central bank has been utilizing funds from principal payments on the agency debt and agency mortgage-backed securities.
Accordingly, the Fed sold USD250mn in mortgage securities guaranteed by Fannie Mae FNMA.OB, Freddie Mac FMCC.OB or the Gov't National Mortgage Association.
MENAFN2107201700450000ID1095642655
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.