Posted on 05/22/2013 12:45:12 PM PDT by whitedog57
Fed Chair Ben Bernanke testified this morning in the US Senate. Afterwards, US Treasury 10 year yield rose by around 9 basis points.
Fannie Mae MBS current coupon rates have been rising.
And the Bankrate 30 year spread over the Fannie current coupon rate remains about 100 basis points.
The primary/secondary spread remains elevated from before Fannie and Freddie were put into conservatorship.
And as Treasury rates trend upward, Fannie MBS durations are also rising.
This results in a slower burn off rate for The Fed’s massive portfolio.
Haven’t heard anything about Corzine lately, and the missing billions.
Guess that problem went into the memory hole.
I haven't found a streaming yet, except yesterday's Malkin share.
He’s a friend of O’s, doncha know.
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