Mortgage Investors Flood the Fed With Bonds for Sale (Fed’s O/N Rev Repo Purchases Still Above $1 Trillion)
by confoundedinterest17 (Bloomberg) — Last week was notable for the tsunami of agency mortgage bonds offered to the Federal Reserve during its routine purchase operations on Friday. The central bank’s quantitative easing schedule called for it to buy $2.9 billion of 30-year uniform mortgage bonds Friday, …