When they think MBS valuations are rich, the managers buy FNMA, FHLMC, and Federal Home Loan Bank debentures and discount notes to keep housing-related exposure above 80%, in line with a broad ...
When they think MBS valuations are rich, the managers buy FNMA, FHLMC, and Federal Home Loan Bank debentures and discount notes to keep housing-related exposure above 80%, in line with a broad ...
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