Fed’s Open Market Trading Desk to No Longer Conduct Regular Operations to Buy Agency CMBS
Posted on 03/17/2021
OPERATING POLICY
March 17, 2021
FRBNY press release stated, “In light of the sustained smooth functioning of markets for agency commercial mortgage-backed securities (agency CMBS), the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will no longer conduct regular operations to purchase agency CMBS at the conclusion of the current schedule. The agency CMBS purchase operation currently scheduled for March 23, 2021 is expected to be the last regularly-scheduled purchase operation. Details of this operation are available on the Agency CMBS Operation Schedule page, last updated on March 12, 2021.