The Dutch State Treasury plans to auction another $2.5 billion of non-agency residential mortgage bonds held in the ING Illiquid Assets Back-up Facility.

The facility was established in 2009, at the depth of the financial crisis, in order to reduce the risk and uncertainty for ING from a portfolio of US RMBS securities. On Dec. 11, the government auctioned $5.1 billion of the non-agency RMBS bonds. The two sales combined make up about 1% of the $737 billion par value outstanding in the non-agency market, according to Standard & Poor’s.

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