Skip to content
Subscriber Only

Goldman Sachs Retained Almost All of Fed’s Mortgage Bonds

Goldman Sachs Group Inc. held on to almost all of the $6.2 billion in face value of mortgage bonds that the Federal Reserve Bank of New York sold the company yesterday, based on data from Trace, the transaction reporting system of the Financial Industry Regulatory Authority.

Customers bought $961 million of speculative-grade home-loan bonds from dealers yesterday while selling $6.9 billion, according to the data. Trading of investment-grade debt totaled $385 million, while dealers traded about $45 million of both types of bonds among themselves, the data show.