U.S. Fed buys $3.4 bln of mortgage bonds, sells none

NEW YORK (Reuters) – The Federal Reserve bought $3.374 billion of agency mortgage-backed securities in the week

from Mar. 1 to Mar. 7, compared with $2.985 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments

on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.

The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae (OB:),

Freddie Mac (OB:) or the Government National Mortgage Association, or Ginnie Mae,

in the latest week. It sold none the prior week. OLUSECON Reuters US Online Report Economy 20180308T190227+0000

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