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<title>Fed Will Now Monetize The Most Recently Issued Agencies (precipitating dollar collapse?)</title>
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<description>Fed Will Now Monetize The Most Recently Issued Agencies By Tyler Durden Created 09/01/2009 - 17:53 The Federal Reserve announced earlier a shift in its strategy in purchasing Agency debt, whereby it would purchase almost exclusively the most recently issued Agency paper [1]: Prior to August 31, 2009, purchases were focused on off-the-run securities in that category. Going forward, purchases will include on-the-run securities in that category. This change represents a technical adjustment designed to mitigate market dislocations and to promote overall market functioning. Over the course of the program, the Federal Reserve may change the scope of purchasable securities....</description>
<author>Zero Hedge</author>
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<pubDate>Wed, 2 Sep 2009 03:07:49 GMT</pubDate>
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