New York Fed adds $15B to mortgage-backed purchase operations today

The New York Fed will conduct an additional $15B of MBS purchase operations this afternoon across two operations for regular TBA settlement.

That’s in addition to the $32B of purchases it announced last night that it would conduct today.

In addition, the desk will target purchases of at least $100B for the week of March 23-March 27,  including conducting $40B in purchases across four operations on Monday, March 23.

Mortgage REITs stay solidly in the green: Annaly (NLY +6.9%), AGNC (AGNC +7.8%), Two Harbors (TWO +17.4%), Western Asset (WMC +14.4%), Armour (ARR +32.7%), Chimera (CIM +11.4%).

https://seekingalpha.com/news/3553905-new-york-fed-adds-15b-to-mbs-purchase-operations-today