The spread of agency MBS to 5- to 10-year Treasuries reached a historically wide level in late 2022, offering an attractive entry point for investors. The diminishing negative convexity and strong US ...
10yr Notes progressively improved into the PM , ending 5 ticks better on the day with a yield of 3.70. MBS fought off much of the AM weakness in tsy's, and rallied just as well into the PM, reaching ...
It's not unusual that I disagree with Dean Baker (nor, to be honest, he with me) but normally it's not because we're trying to insist that the other is wrong in some manner. Certainly, from my side, ...