The Negative Effects Of The Treasury's Plan To Sell $142B Worth Of MBS |
| March 22, 2011 | March 2011 Bond Updates |
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The Treasury Department’s announcement that it will begin to unwind its $142 billion mortgage backed security (MBS) portfolio will be harmful for the MBS market, while its effects on housing prices will be limited, experts agree. The Treasury’s move comes as data from the National Association of Realtors shows that home prices continue to plunge and has caused Treasuries to drop for a third consecutive day, with 10-years on their biggest losing streak in six weeks. |
| View more at: http://blogs.forbes.com/afontevecchia/2011/03/21/the-negative-effects-of-the-treasurys-plan-to-sell-142b-worth-of-mbs/ |