Fed wraps up first Maiden Lane II auction
The Federal Reserve Bank of New York said it sold mortgage securities with a face value of more than $1.3 billion on Wednesday as investors clamored for high-yielding assets in a low-yield world.
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#1 Apr 7, 2011
The sales were part of the Fedís first auction of residential mortgage-backed securities from Maiden Lane II. This was a government vehicle set up during the financial crisis to buy billions of dollars in mortgage securities from American International Group
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