TALF's success raises questions about extending program

07/8/2009 | Financial Times (tiered subscription model)

The Federal Reserve's Term Asset-Backed Securities Loan Facility has been attracting investors and reducing borrowing costs. On Tuesday, investors bought $11 billion in asset-backed bonds, while the Fed lent $5.4 billion to those interested in buying the debt. The question is whether the Fed will extend TALF, which is set to expire in December.

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