TAF gets tougher as it is now supplemented with the Term Securities Lending Facility or TSLF- the latest instrument which allows the Federal Reserve to lend up to $200 billion and accept as collateral- agency and private residential securities or "non-agency AAA/Aaa-rated private-label residential MBS"!!! You read it right-garbage papers!
You can read more from Bloomberg the updates including the Fed’s Text on the novel “bridge” financing.
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