Fed's auction of AIG bonds triggers subprime activity

04/6/2011 | Wall Street Journal, The

The Federal Reserve Bank of New York today will sell $1.5 billion worth of mortgage-backed bonds it bought from American International Group. The Fed's sale spurred a flurry of activity in the subprime-mortgage market and banks, hedge funds and other bond holders attempt to learn more about the state of the market. Some companies are circulating "bid lists" of residential mortgage-backed securities.

View Full Article in:

Wall Street Journal, The

Published in Brief: