The Fed may be paring back its Treasury purchases, but its MBS program heated up this week. The central bank bought a cool $25 billion net, up nearly $5 billion from the previous week. Reuters puts the running tally now at $766.608 billion.
Agnes T. Crane is a columnist for Reuters Breakingviews. She writes about capital markets, rating agencies, Fannie Mae and Freddie Mac, among other topics. Prior to joining Thomson Reuters, Agnes led credit market coverage at Dow Jones Newswires as a news editor.