The NY Fed sells 42 former AIG (AIG) sub-prime bonds with a face value of $1.3B, with bids...

|By:, SA News Editor

The NY Fed sells 42 former AIG (AIG) sub-prime bonds with a face value of $1.3B, with bids topping the set minimums and half of the securities purchased for retail investors and other accounts. This is a more credible sign of demand than if only dealers had participated. (previous)