Breaking News- Financial Markets

Financial Market Update

Breaking News! The Treasury Department just announced they will begin selling some of their massive holdings of Mortgage Backed Securities to the tune of $10 Billion per month depending on market conditions. They say this is due to the stabilizing economy and market conditions that are ripe for selling. The Treasury acquired $142 Billion in debt during the financial crisis. News of this unloading process has immediately pushed Bond prices significantly lower as Traders try to get their own positions sold. It’s like musical chairs…no one wants to be the last one standing with a mitt full of Mortgage Backed Securities.

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