Fed Poised To Buy More Mortgage Debt

New York, NY, Nov. 28, 2011 -- The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus by purchasing mortgage securities instead of Treasuries, according to a Bloomberg News story.

The Fed will start another program next quarter, 16 of the 21 primary dealers of U.S. government securities that trade with the central bank said in a Bloomberg News survey. They expect that the Fed may buy about $545 billion in home-loan debt.