GSEs’ exit from conservatorship estimated to take 15 years
Relying on retained earnings alone, it would be until at least 2036, if not longer, before government control of Fannie Mae and Freddie Mae might end.
Treasurys
Surging U.S. yields show stimulus impact still getting priced in
After they reopened on Tuesday, Treasury 10-year yields rose four basis points to touch 1.25% — the highest since last March — while the 30-year equivalent pushed above 2%.
JPMorgan’s contrarian move: Stockpiling securities
The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?
By
Andy Peters
