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- 2013-9-10
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That’s interesting. I’m surprised that buying MBS lowers mortgage rates moreso than buying treasuries. I would have guessed the opposite, as the treasury curve typically dictates other rates.
Is the RMBS market relatively illiquid? Is it safe to say that the institutions that need QE the most tend to hold a disproportionate amount of RMBS, thereby benefitting the most? |
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