• Most Popular
  • Most Shared

Fed buys $1.4 billion of Fannie, Freddie, FHLB debt

Fri Jan 9, 2009 12:52pm EST

Stocks

   

NEW YORK, Jan 9 (Reuters) - The Federal Reserve bought $1.4 billion of Fannie Mae (FNM.P), Freddie Mac (FRE.P) and Federal Home Loan Banks debt in permanent coupon purchases on Friday in an ongoing effort to lower mortgage rates.

Stocks  |  Bonds  |  Global Markets

Dealers submitted $2.775 billion for consideration in the Fed purchase. The Fed purchases spanned maturities from 2011 through 2012.

For more details on the operation please click on

here

(Reporting by John Parry and Lynn Adler; Editing by Chizu Nomiyama)

Stocks
Bonds
Global Markets


More from Reuters

Photo

House prices stall, consumer confidence up

NEW YORK (Reuters) - U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A traveller lifts her arms as she stands in the new security scan at Schiphol airport, Netherlands, May 15, 2007.REUTERS/Jerry Lampen

Are you ok getting "naked"?

Full-body scanners can detect weapons under clothing but also expose passengers to operators. Should security trump privacy?  Full Article | Video 

U.S.