State Street Sells $11.0B in Securities

State Street STT announced today that it has taken actions to strategically reposition its investment portfolio by selling investment securities of approximately $11 billion. The primary asset classes and approximate amounts included in this transaction were U.S. non-agency mortgage-backed ($4.1 billion) and asset-backed securities ($3.7 billion), as well as non-U.S. mortgage-backed ($2.5 billion) and asset-backed securities ($0.6 billion).