Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 86.27

+0.1%

Nov 12 3:59 PM EST

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From: Sr K	10/21/2009 11:25:54 PM
	of 1428

WFC has been buying and selling MBS. "While average investment securities were up $7.3 billion, this largely reflected the averaging effect in the quarter of mortgage backed securities (MBS) purchased late in the second quarter at yields more than 1 percent above current market. During the third quarter, $23 billion of the lowest-yielding MBS were sold to reduce exposure to higher long-term interest rates. wellsfargo.com

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