Monday, Mar 16, 2009
BoE info on Markets
Bloomberg: U.K. Mortgage Bond Market May Stay Shut, BOE Told
"U.K. residential mortgage-backed bond markets may stay shut throughout the rest of this year as banks nurse losses from the financial crisis, according to the Bank of England’s contacts". The outstanding balance of British residential mortgage- backed securities was the world’s second-biggest as of the third quarter of 2008, totaling 407 billion euros ($528 billion). That’s still a 10th of equivalent outstanding U.S. securities.
Posted by alan @ 05:06 PM (327 views) Add Comment
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