Another Record: Treasury-Mortgage Spread Just Took Out 60 bps SupportSubmitted by Anonymous on Wed, 03/10/2010 - 16:00 |
The 10 Year Treasury To Mortgage spread just broke the 60 bps barrier, and is now trading at a record tight 59.61 bps, after dropping as low as 58 bps earlier. Is the Fed now launching a short squeeze in MBS as well? Pretty soon Mortgages will be trading at negative rates, when the Fed realizes that the only way to get house prices higher is to pay Americans to take out a mortgage.
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