(Reuters) – The New York Federal Reserve said it would make additional purchases of mortgage-backed securities on Friday totaling $15 billion in two operations and would buy at least $100 billion in mortgage bonds next week.
The purchases are part of its planned $200 billion of MBS purchases announced earlier this week intended to address market disruptions associated with the coronavirus outbreak.
The NY Fed’s full statement can be seen here: https://www.newyorkfed.org/markets/opolicy/operating_policy_200320
(Reporting By Dan Burns; Editing by Chris Reese)
