New issue activity of agency MBS reached $951.1 billion during the first nine months of this year, up from $761.6 billion issued in the same period in 2001, according to a recent report by The Bond Market Association (BMA). The numbers are up by 24.9%.

On a quarter-to-quarter basis, the report said that issuance rose up to $313.5 billion in the third quarter of 2002, up by13% from issuance in the second quarter. Current issuance increased by 3.8% from issuance in the third quarter of 2001.

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