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HAVE A QUESTION ABOUT FED MBS BUYING?

Posted To: MBS Commentary

CURRENT FED MBS BUYING SCHEDULE AND PURCHASE LOOKUP TOOL I'm changing up this Q&A to make it shorter, denser, and better. If it's too pithy for you, revisit the previous version of this commentary HERE and take time to internalize the bigger picture). Bullet points that answer the most common questions I receive: WHAT IS THE FED BUYING? Fannie, Freddie, and Ginnie MBS, 2.5-4.5 coupons WHY? Because you're not (buying MBS), and neither is anyone else (relatively). If no one is buying, no one can lend. Fed is facilitating liquidity in credit markets. Juicing MBS prices is a byproduct, not the primary goal. NOT BUYING: 2.0 coupons START DATE: March 16th, 2020 WHEN: Every biz day since then. They publish a buying schedule ahead of time and results are posted immediately (LINKED AT...(read more)