Market Currents
"The mortgage market (is) more than priced for QE perfection," writes Tim Backshall, producing a...
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Wednesday, September 12, 2012, 12:42 PM ET"The mortgage market (is) more than priced for QE perfection," writes Tim Backshall, producing a chart of the nearly eliminated spread between 30 year mortgages and Treasury yields. The chart poses the question of how exactly a Fed program of MBS purchases is going to ease credit conditions any more than they already are.
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