MBS (MBB) are in a bit of a bear market, falling back to levels not seen since the Bank of...

|By:, SA News Editor

MBS (MBB) are in a bit of a bear market, falling back to levels not seen since the Bank of Bernanke took aim at raising their prices (lowering yields) with QE∞ in September. A buyer at these prices is AGNC's and MTGE's Gary Kain, who says the pendulum has swung back to favoring agency MBS purchases instead of non-agency paper.