New York Fed plans a second auction of AIG bonds

04/12/2011 | Wall Street Journal, The · CNBC

The Federal Reserve Bank of New York is circulating two lists of bonds acquired from American International Group as it prepares a second auction of the securities. The auction is similar to one held last week, when the Fed sold $1.3 billion in bonds. "It's probably going to look like this each week," said Jesse Litvak, a managing director and head of nonagency trading at Jefferies. "They probably feel like since the first list traded fine, they can continue with this level of bonds."

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Wall Street Journal, The · CNBC

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