The Federal Reserve Bank of New York and Blackrock Solutions conducted the first BWIC from the Maiden Lane II (MLII) portfolio yesterday. The Fed sold RMBS with a face value of over $1.3 billion on Wednesday.
The New York Fed reportedly put 52 securities with a face value of $1.5 billion up for sale at the start of the week. The New York Fed said 42 of the securities with a face value of $1.33 billion were sold in the auction. One dealer reported that a single buyer bought 1/3rd of the list.