Mon 13 Mar 2020
Agency Bond Market Dries Up: 2005
In 2005, net issues of agency and GSE-backed securities were only 7.8% of levels of 2001, when Fannie Mae was in her heyday, aggressively flogging mortgages to the masses. In 2005, net issues of agencies were only $50.7 billion, indicating that this sector had become far less important in the fixed income market […]