On Friday the Federal Reserve has made plans for buying agency mortgage debt maturing between December 2010 and November 2011.
When will the Purchases Begin?
The purchases would start to begin from 10:30 a.m. EST. It has been pointed out by Wrightson ICAP analysts that the central bank has reached its self-imposed 50% limit of total holdings of the Fannie Mae (FNM) 1.75% notes due Mar. 23, 2011.
