New York Fed buys $1.349 billion agency bonds under purchase program

By Jennifer Chiou

New York, Feb. 11 - The Federal Reserve Bank of New York accepted and purchased $1.349 billion of agency-issued securities with maturities from Feb. 15, 2011 through Jan. 15, 2012, according to its web site.

Holders submitted $4.499 billion of securities for purchase.

The outright agency coupon purchases will settle on Feb. 12.

Fannie Mae notes

The purchases include the following notes issued by Fannie Mae:

• $73 million of 4.5% notes due Feb. 15, 2011;

• $52 million of 1.375% notes due April 28, 2011;

• $106 million of 6% notes due May 15, 2011;

• $33 million of 3.375% notes due May 19, 2011;

• $16 million of 5% notes due Oct. 15, 2011;

• $6 million of 1% notes due Nov. 23, 2011; and

• $20 million of 0.875% notes due Jan. 12, 2012.

Freddie Mac notes

The Fed is also purchasing the following notes issued by Freddie Mac:

• $3 million of 3.25% notes due Feb. 25, 2011;

• $8 million of 2.75% notes due April 11, 2011;

• $4 million of 5.125% notes due April 18, 2011;

• $100 million of 3.875% notes due June 29, 2011;

• $243 million of 1.125% notes due Dec. 15, 2011; and

• $17 million of 5.75% notes due Jan. 15, 2012.

FHLB notes

Finally, the purchases also include the following notes issued by the Federal Home Loan Banks:

• $7 million 4.625% notes due Feb. 18, 2011;

• $64 million 3.375% notes due June 24, 2011;

• $100 million 4.875% notes due Nov. 18, 2011; and

• $497 million 1% notes due Dec. 28, 2011.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.