More Mortgages
January 7th, 2009 11:18 am | by John Jansen |Mortgages are back in line with Treasuries as the Federal Reserve entered the market and purchased securities again today.
A daily bond market chronicle
Mortgages are back in line with Treasuries as the Federal Reserve entered the market and purchased securities again today.
5 Responses to “More Mortgages”
By Andrew on Jan 7, 2009 | Reply
a comment from bloomberg today “That expression neatly sums up the sense that massive deficit
spending by governments is the only way to avoid a depression, but
what irony, to apply more of the same “medicine” that Greenscam
already administered to create the current mess. Quality corporate
bonds are the flavour of the month (three months after we
recommended them!). The Madoff scandal is hitting New York as a
financial centre and hedge funds in general.”
By Andrew on Jan 7, 2009 | Reply
“We’re all Keynesian now” was the expression….
By David Merkel on Jan 7, 2009 | Reply
I think they will have to throw far more liquidity than they can imagine in order to control the OAS on mortgage collateral. It’s a huge market.
By John Jansen on Jan 7, 2009 | Reply
will they cars about OAS or just the nominal spread to Treasuries
By Andrew on Jan 7, 2009 | Reply
nominal most likely, thats what it seems so far but let me ask the govt traders…