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To: Hydroshock
The Feds are stepping in the market with 19 Billion. This may calm the market somewhat.

Fed Accepts $19 Bln In 3-Day RPs

Last update: 8/10/2007 8:29:28 AM

Type of transaction: 3-Day RPs

Total accepted: $19 Bln

Total submitted: $31.2 Bln

Mortgage-Backed Collateral Operations

Total accepted: $19 Bln

Total submitted: $31.2 Bln

Stop-Out Rate: 5.15%

Weighted Average: 5.24%

High-rate submitted: 5.35%

Low-rate submitted: 4%

(Data was provided by the New York Federal Reserve Bank).

4 posted on 08/10/2007 6:00:09 AM PDT by Orange1998
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To: Orange1998

Calm them for how long? In the next 12 months a heck of a lot of arms will reset.


6 posted on 08/10/2007 6:03:21 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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