In the AOFM’s fourth RMBS auction, just under $78m of securities held by the AOFM were sold, representing a little under 16% of the amortised face value of bonds on offer. The amount sold was less than the previous three auctions held by the AOFM and is in spite of the amount on offer being reduced. The chief of the AOFM, Rob Nicholls gave a speech in July in which he...