Agency, Nonagency MBS Show Relief

14 Jan 2009

Trading in agency and nonagency mortgage-backed securities is showing signs of recovery following government efforts to stabilize the housing and credit markets.

--Leela Parker

Trading in agency and nonagency mortgage-backed securities is showing signs of recovery following government efforts to stabilize the housing and credit markets. Current 30-year Fannie Mae MBS coupons are 198 basis points over the average yield of five- to 10-year Treasury bonds, roughly 100 bps tighter than ...

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