Freddie Mac said Friday it would delay its regularly scheduled Reference Bills auction announcement until Monday due to anticipation that Hurricane Irene could have an effect on capital market participants in New York and other parts of the East Coast.
The government-sponsored enterprise originally had planned to make a Ref Bills announcement Friday morning and said it has delayed it in order to assess what impact, if any, the storm might have on the operations of the capital markets.
Market uncertainties this summer ranging from volatile swings in broader trading to sudden interruptions in ratings due to a rating agency review have been challenging Freddie Mac and some others as issuers. But until recent days the GSE has largely been able to stick to its issuance schedule for some bonds such as their “K” multifamily deals, a Freddie Mac spokeswoman and Victor Pa, vice president, multifamily portfolio management and securitization, told this publication earlier this week.
