FAST FIVE: Mortgage Bonds Suffer Worst Month In 2 Years As ‘Marginal Buyer’ Fed Pulls Out

Now, as the Fed-generated tidal wave of liquidity slows to a trickle and the central bank looks to unwind some $1.7 trillion in MBS holdings, “savvy” bond bulls are stuck asking themselves: who the hell is going to step in and stop the bleeding once liquidity dries up further […]

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