WASHINGTON (MNI) – The FOMC Wednesday said that it is “maintaining
its existing policy of reinvesting principal payments from its
securities holdings and will complete purchases of $600 billion of
longer-term Treasury securities by the end of the current quarter.” The
juxtaposition of “complete,” “$600B,” and “MBS Reinvestment” in the
12:32 ET breaking FOMC headlines could be construed to give the
incorrect impression the MBS reinvestment program was also being
concluded in the second quarter.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$]