Freddie Mac set to sell non-agency securities

05/10/2013 | Bloomberg

Freddie Mac will sell $1 billion of non-agency securities this month, according to the mortgage financier's spokesman, Tom Fitzgerald. "We're planning the sales to take advantage of the strong improvement in bond prices," Fitzgerald said. The sale will also help Freddie comply with regulatory goals regarding the reduction of holdings in illiquid assets.

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