NY Fed reduces the number of external investment managers for its agency mortgage-backed...

|By:, SA News Editor
NY Fed reduces the number of external investment managers for its agency mortgage-backed securities (MBS) purchase program to 2 from 4 - leaving Wellington and BlackRock (BLK) in place. "The agency MBS program has matured since it began in January, and the New York Fed has had time to further develop its internal analytical and operational expertise in this area," Fed says.