Fed buys $180 mln in reverse repo mortgage debt (at MarketWatch)

Fed buys $180 mln in reverse repo mortgage debt (at MarketWatch)

August 4, 2010, 11:01 am

The Federal Reserve Bank of New York said Wednesday that it bought $180 million in tri-party reverse repurchase agreements, the first purchase of mortgage-backed securities to test one of the central bank s potential tools to unwind its massive liquidity operation when policy makers want to.