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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: John Stichnoth who wrote (7033)5/3/1999 7:16:00 PM
From: Wallace Rivers  Respond to of 78958
 
Oh, I know CMO pretty well after all these years - I know the risk characteristics firsthand. They do not strictly invest in CMOs, although CMOs may be a small portion of the overall portfolio. IMHO the yield curve is relatively favorable to them in today's environment. Before Mr. G lowered, it was a lot less friendly.