Panel: Fed's stimulus policy hurts mortgage-bond rebound

10/8/2013 | Bloomberg

The Federal Reserve's stimulus policy is holding back a resurgence in U.S. mortgage bonds that carry no guarantee from the government, panelists at an industry conference said. About $12.5 billion tied to new loans has been issued this year, up from $3.5 billion in all of 2012. However, "it wouldn't be surprising to see very little if any" issuance for the rest of this year, said Peter Sack, a Credit Suisse Group managing director.

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