Barclays Pegs Fed’s Agency MBS Buys in Latest Week at $14.1 Billion


The Federal Reserve purchased $14.1 billion of agency mortgage-backed securities over the past week, according to a report Barclays released Thursday.

Also during the week, the Fed sold $1.6 billion of the conventional 30-year 3.5% February-March dollar roll.  (In dollar rolls, MBS are simultaneously sold for the near-month settlement but purchased back for the forward-month settlement.)

The report also shows the number of net purchases of MBS since the Fed began its third round of quantitative easing on Sept. 13 of last year by issuer totaling $318.8 billion.

The breakdown by issuer during that period is as follows: Fannie Mae, 53%; Freddie Mac, 26%; and Ginnie Mae, 21%. The breakdown by product type is conventional 30-year product, 59%; Ginnie Mae 30-year product, 21%; and conventional 15-year product, 19%.

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