Fannie Mae Delays Mortgage-Backed Bond Sale After Volatile Day
- GSE holds off planned credit-risk transfer securities sale
- Plans to monitor market in coming days to determine next steps
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Fannie Mae delayed a scheduled residential mortgage bond on Thursday due to market volatility spurred by Russia’s invasion of Ukraine, according to people with knowledge of the matter.
The government sponsored enterprise had kicked off marketing on the deal but postponed a key step in selling the debt, setting initial price guidance, said the people, who asked not to be identified as the transaction is private. The transaction is part of the GSE’s Connecticut Avenue Securities programmatic series of RMBS.