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To: marginmike who wrote (291121)7/16/2004 2:28:14 PM
From: orkrious  Respond to of 436258
 
fnm has big treasury positions

chicken feed compared to their real estate holdings



To: marginmike who wrote (291121)7/16/2004 2:28:31 PM
From: mishedlo  Respond to of 436258
 
SHORT Treasuries
To protect against fewer refis.
Mish