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MBS RECAP: Mortgages Dragged Kicking and Screaming Into Stronger Territory

December 11, 2014

 

For two days in a row, the Fed hasn't had a Fannie/Freddie 30yr buying operation, and that's been painfully evident in the underperformance of MBS compared to Treasuries.  In addition, the nature of the rally is more beneficial for Treasuries in the first.....

 

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