New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
The Federal Reserve Bank of New York is said to be pleased with the outcome of auctions to dispose of assets from Maiden Lane II – a special-purpose vehicle consisting of non-agency residential mortgage-backed securities (RMBSs) originally purchased from insurer American International Group (AIG).
“The bids have been very good so far and a high proportion of securities have been sold, so things
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