U.S. Fed buys no mortgage bonds, sells none

FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System is displayed in Washington
FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System is displayed in Washington, U.S., June 14, 2017. REUTERS/Joshua Roberts

January 17, 2019

NEW YORK (Reuters) – The Federal Reserve bought no agency mortgage-backed securities in the week

from Jan. 10 to Jan. 16, compared with NONE 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 <FNMA.OB>,

Freddie Mac <FMCC.OB> or the Government National Mortgage Association, or Ginnie Mae,

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

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