The Federal Reserve Bank of New York is expected to announce its next auction list from the Maiden Lane II portfolio on Monday.

The Fed who became regular seller in the market with its weekly ML II auction halted sales at the end of last month and said that the next sale was slated for June 6th. In the interim since the Fed halted its auction, pricing for non agency RMBS paper has continued to widen on the back of greater macroeconomic deterioration.

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