Market Conditions For N.Y. Fed To Suspend MBS Auction

01 Jul 2011

Market conditions have forced the Federal Reserve Bank of New York to halt its auction of mortgage-backed securities held by its Maiden Lane II vehicle.

Market conditions have forced the Federal Reserve Bank of New York to halt its auction of mortgage-backed securities held by its Maiden Lane II vehicle. The Fed, which says it does not expect to resume the auction “in the near term,” sold only half of the bonds put ...

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