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Fed may keep tapping the mortgage-bond well

From reuters.com

Top Federal Reserve officials are happy with the boost their asset purchases are giving the housing market, suggesting mortgage bonds could trump Treasuries when the U.S. central bank tinkers with its bond-buying program. While much of the public debate has focused on if and when the Fed will cut back on its bond buys, more and more policymakers are taking sides in the debate over which assets the central bank should concentrate on. No changes are expected when the Fed wraps up a two-day policy meeting on Wednesday. Economists widely agree it will continue with monthly purchases of $40 billion in mortgage-backed ... (full story)

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