MS Says Ditch The FN 4 Fly

07 Jul 2011

Now is a good time to sell the Fannie Mae 4 butterflies and scoop up some relative value as the trade enjoys a low risk exposure, according to Morgan Stanley analyst Janaki Rao.

--Amelia Granger

Now is a good time to sell the Fannie Mae 4 butterflies and scoop up some relative value as the trade enjoys a low risk exposure, according to Morgan Stanley analyst Janaki Rao. Rao explained that large demand for the FN 4 coupon in the past few ...

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