March 20, 2020 / 6:24 PM / 20 days ago

NY Fed adds to MBS purchases on Friday and next week

(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: here

Reporting By Dan Burns; Editing by Chris Reese

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