Ginnie Issues First All-Digital MBS
Marking a major step forward in digital finance, Ginnie Mae today issued its first MBS backed by digital pools. Although a small offering (only $24 million), the issuance sets a new path for USG-guaranteed MBS consisting entirely of eNotes.

UN: COVID Central Banking Boosts Bubbles, Not Growth
The UN’s semiannual World Economic Situation and Prospects report today highlights changes to central banking brought on by the COVID crisis, concluding that lenders of last resort are becoming the “buyers of last resort” and that this exacerbates asset bubbles and slows growth.

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