Volume 2010 - Number 6
February 12, 2010
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Fed Chief Bernanke Confirms Exit Strategy: Bulk MBS Sell-Off Is Considered Unlikely
The Federal Reserve remains on course to stop buying agency MBS by the end of next month, and the agency has no plans to dump its massive holdings in the market, according to Congressional testimony prepared for Fed Chairman Ben Bernanke. Freakishly heavy snowfall in Washington, DC, resulted in a postponement of a hearing on the Fed’s exit strategy... [Includes one chart]
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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