The sign of big trouble that we have been looking for is upon us, the increase in the spreads between mortgage backed Agencies and government paper. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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Lee, I think there may be an error in your statement re the Fed’s H41 release for Thursday 7/26. From what I read, FCB’s bought $14.7 billion. They didn’t cut by $300 million like you state.
I’ll go double check that and make correction. Thanks!
Yep, that was a leftover from the prior week. $14.7 billion is correct. The data and the chart were correct. The text was wrong.