Fed Purchases $17.050 Billion Agency MBS. Over Half of Allocated Funds Now Used
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS).In the four trading days between July 2 and July 8, the Federal Reserve purchased a gross of $23.250 billion Agnecy MBS. During this period the Federal Reserve sold $6.2billion agency MBS, which brought their weekly net purchases to a total of $17.050 billion. Since the inception of the program the Federal Reserve has spent $638.61 billion, 51% of the $1.25 that was allocated….(read more)
