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U.S. Fed buys $22.7 billion of mortgage bonds, sells none

imageEconomy11 hours ago (Jul 02, 2020 02:05PM ET)

NEW YORK, July 2 (Reuters) – The Federal Reserve bought $22.705 billion of agency mortgage-backed securities in the week

from Jun. 25 to Jul. 1, compared with $22.859 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments

on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.

The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae (OB:FNMA),

Freddie Mac (OB:FMCC) or the Government National Mortgage Association, or Ginnie Mae,

in the latest week. It sold none the prior week.

(New York Treasury Desk +1-646-223-6300) OLUSECON Reuters US Online Report Economy 20200702T180347+0000

U.S. Fed buys $22.7 billion of mortgage bonds, sells none

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