Markets - Market News
Richard Fisher: MBS Purchases Risk Overkill
Wednesday, February 27, 2013
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With the housing market seemingly back on track, buying $40 billion of mortgage-backed securities a month risks "overkill," and the Fed should cut back on its purchases, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Wednesday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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