3.23.20
The credit markets faced a deepening crisis on Monday, as several funds who own mortgage bonds sought to sell billions of dollars in assets. Amid the crisis, SFA asked government leaders to step in, in a letter to the Fed. The Fed announced Monday that its recent extension of market intervention would include the Term Asset-Backed Securities Loan Facility. It will also buy agency commercial mortgage-backed securities, according to a statement.
Read more via Yahoo Finance.
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