confoundedinterest17

Don’t Forget About the GSEs And Their Government Guarantee

I am speaking today at an American Action Forum event in Washington DC at noon entitled “The Future Of Housing Finance Reform.” Also speaking will be affordable housing guru Laurie Goodman from The Urban Institute with Politco’s Lorraine Woellert moderating. Meghan Milloy of the American Action Forum penned a nice editorial in advance of the event … Continue reading Don’t Forget About the GSEs (Fannie Mae and Freddie Mac) And Their Government Guarantee

Double Whammy! 10-year Treasury Bid-to-cover Ratio Lowest Since ’09 As Treasury Borrowing Increases And Fed Tightens

Based on the number of bids that investors submitted versus the amount sold, average demand for 10-year notes has fallen to the lowest since October 2009. (Bid-to-cover  compares the volume of securities that dealers enter bids for to the volume offered for sale). Treasury supply is further exacerbating what should be a natural move away from the market … Continue reading Double Whammy! 10-year Treasury Bid-to-cover Ratio Lowest Since ’09 As Treasury Borrowing Increases And Fed Tightens