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

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To: CalculatedRisk who wrote (53260)2/9/2006 3:39:11 PM
From: russwinter  Read Replies (2) of 110194
 
The three month yields the same as the 30, even more amazing, given the low nominal rates. In 1994 you had high nominal rates in that inversion, makes this one bizarre. The plan must be for FCBs to refi most of the housing resets into fixed, truly epic. Get ready for a Greenscam speech on this in his new role as "consultant". Grist for a future blog post for me. His wife Andrea said she was quite excited about his new job as Old Maid Cards, junk bond and mortgage salesman.
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