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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (77915)1/20/2007 1:29:33 AM
From: bart13  Read Replies (1) of 110194
 

Where do you get the data on this? I wonder if the dealers are just facilitating the dumping of this crap on FCBs? FCBs now have 34.3% ($607 billion) of their custodial holdings in agencies. Since mid-2005 78% ($253 of $323 billion) of everything they've bought have been agencies. But wonder if some of this is actually junkier MBS?


The GSDS data comes from ny.frb.org, in the section called "Weekly Release of Primary Dealer Transactions". There's also a fairly decent historical search section at ny.frb.org, and the data goes back to 2001.

There are three charts on my Fed watch page that attempt to track their overall picture on a weekly basis too.

There's a "total positions" section in the search area that may help answer the question of them being the FCB path, but from just a cursory look just now the amounts look way larger than just from FCB action.
I also think its very likely that the MBS quality is variable, to say the least.
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