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To: Knighty Tin who wrote (174847)6/24/2002 2:07:30 PM
From: LLCF  Respond to of 436258
 
< I have a feeling they will discover that you can't buck Fannie in mortgages. >

Agreed, but you don't buck the i-banks in the 'premium' market. ie hedging negative curve or duration. FNM has stated it's goal of zero duration, they have no choice.

DAK