Treasury Sell-Off Undoes Some Fed MBS Purchase Impact

The continuing sell-off of U.S. Treasuries has led to an increase in the yields of mortgage rates.

  • 03 Feb 2009

--Leela Parker

The continuing sell-off of U.S. Treasuries has led to an increase in the yields of mortgage rates. Selling in the Treasury market has counteracted to some degree the effect of the Federal Reserve’s program to purchase mortgage-backed securities.

“By and large, the program has been successful in ...

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