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Politics : Welcome to Slider's Dugout

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From: kaydee	11/28/2007 12:39:06 PM
	of 50768

fwiw... From realmoney.com Tony Crescenzi Fed Buys Mortgages 11/28/2007 12:10 PM EST Earlier today when the Fed announced that it was conducting $8 billion of so-called term-repurchase agreements, it did so by purchasing mortgage securities only -- no Treasuries. This means that the repurchase agreement, which extends out to Jan. 10, removes $8 billion of mortgage securities from dealer inventories until Jan. 10. This provides a modicum of relief to the Street, given the distaste for mortgage securities recently. -------------------------------------

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