Agency Mortgage Bonds Have Worst Month Since July 2003, Lehman Index Shows

(Bloomberg) -- Mortgage-backed bonds guaranteed by
Fannie Mae, Freddie Mac and Ginnie Mae, a $4 trillion market
that rivals the scope of U.S. Treasuries, underperformed last
month by the most since July 2003 as investors sought the safety
of government debt and interest rates became more volatile.

So-called agency mortgage bonds in June returned
0.53 percentage points less than U.S. Treasury notes with
maturities similar to their expected lives, a Lehman Brothers
Holdings Inc. index shows.


Read more at Bloomberg Bonds News

Foreign central banks net sellers of U.S. debt-Fed

(Reuters) - The breakdown of custody holdings showed overseas central
banks sold $9.769 billion in Treasury debt to stand at a total
of $1.225 trillion.




The foreign institutions also sold securities from
government-sponsored agencies like Fannie Mae and
Freddie Mac , subtracting $2.727 billion from their
holdings, to stand at $725.21 billion.


Read more at Reuters.com Bonds News

UPDATE 1-Freddie Mac sells $3 bln Strip securities

(Reuters) - The issue, designated Freddie Mac Gold MACS, Series 248, is
scheduled to settle June 26.




Bear Stearns was the lead underwriter for the securities.


Read more at Reuters.com Bonds News