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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Kailash who wrote (48399)12/30/2005 8:57:58 AM
From: russwinter  Read Replies (1) of 110194
 
I don't know, it's perplexing, but I'd say a blend of corruption and moral hazard behavior? Here's are the spreads (last number) over Treasuries to take on these toxics. I would say that the FCBs have distorted pricing.

FNMA 4.625 01/15/08 4.627 26.2
FHLMC 4.75 01/18/11 4.701 39.2
FHLMC 4.375 07/17/15 4.768 42.5
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