Fed Bought $23.22 Billion Of Agency Mortgage Bonds As Of Wed
February 12 2009 - 3:43PM
Dow Jones News
The Federal Reserve bought $23.22 billion of mortgage-backed
securities in the week ended Feb. 11, according to data released
Thursday.
Of these, Freddie Mac's (FRE) securities comprised $14.66
billion, Fannie Mae's were (FNM) $7.164 billion and Ginnie Mae's
were $1.4 billion.
Last week, the central bank had bought $22.27 billion of these
securities.
Most of the Fed's buying was in the 4.5%, 5.5% and 5%
coupons.
The central bank expects to buy at least $500 billion by June
this year.
In addition, the U.S. Treasury bought $22.5 billion of Fannie
and Freddie bonds in January, according to data released
Wednesday.
-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371;
anusha.shrivastava@dowjones.com