Mortgage-Bond Yield Spreads Approach Lowest Level on Record
July 14th, 2010
“Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds narrowed 0.04 percentage point to about 0.64 percentage point more than 10-year Treasuries as of 12:15 p.m. in New York, according to data compiled by Bloomberg. The gap reached 0.59 percentage point on March 29, two days before the Federal Reserve ended its buying of $1.25 trillion of home-loan debt.”
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