NEW YORK, May 1 (Reuters) – The New York Federal Reserve released details on bond purchases planned for next week.
The Fed will purchase approximately $40 billion in Treasury securities next week. That brings the daily purchase amount down to $8 billion per day from $10 billion per day on average this week. See the schedule here here
The New York Fed said it would purchase up to $30 billion in residential mortgage-backed securities, down from roughly $40 billion this week. See the schedule here here
The Fed also said it would purchase up to $750 million in agency commercial mortgage-backed securities in two operations next week. See the schedule here here (Reporting by Jonnelle Marte;)
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