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BMA reports MBS issuance dropped 43% in 2004

In its quarterly report on U.S. bond issuance released last week, the Bond Market Association reported that total bond issuance reached $5.48 trillion in 2004 versus $6.81 trillion in 2003. The major contributor to the decline was the drop in MBS issuance, which was impacted by the FOMC's embarking...

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