One Year Ago
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One Year Ago

The Federal Reserve Bank of New York put off a $1.67 billion sale of collateralized debt obligations it planned to sell from its Maiden Lane III portfolio, giving the market time to prepare for the infusion into the market.

The Federal Reserve Bank of New York put off a $1.67 billion sale of collateralized debt obligations it planned to sell from its Maiden Lane III portfolio, giving the market time to prepare for the infusion into the market. [Market participants weren’t sure at the time if the DUKE CDO sale from MLIII would be on ice indefinitely, but the $1.6 billion trade ended up going to Citigroup the following week as the Fed inched toward fully offloading the portfolio of toxic assets it absorbed from American International Group later last summer.]

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