A Freddie Mac Reference Bills auction delayed Friday in anticipation of Hurricane Irene moved forward Monday morning as the weather cleared and mortgage-related securities markets opened on schedule.
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A Freddie Mac spokesman told this publication that the auction was completed in the morning.
The Securities Industry and Financial Markets Association, which represents mortgage bond issuers, noted that exchanges opened on schedule.
A spokeswoman for the group said SIFMA had been discussing potential related issues tied to the storm, and “monitoring” it closely.
