Bond Expert: A Sanguine View of Agency Paper
July 10, 2008
John Jansen submits:
Agency spreads have improved significantly from the blow out levels of earlier this morning. To be clear, I am referring to the spread at which benchmark Agency paper trades to similar benchmark treasury debt.The 10 year sector is actually 2 basis points tighter on the day and is 10 basis points to 12 basis points better than the widest levels of the day.
The 5 year sector is unchanged on the day and about 10 basis points better than the widest levels of the day.
Bond Expert: A Sanguine View of Agency Paper
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