Treasury to Sell Its $142 Billion MBS Portfolio

The Treasury Dept said Monday that it will begin to sell its portfolio of $142 billion in agency-guaranteed mortgage-backed securities. A senior Treasury official said the department plans to sell up to $10 billion in MBS per month subject to market conditions. The sales could generate a profit for taxpayers of about $15-$20 billion as market conditions have improved, the official said. – MW

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