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Thursday, July 14, 2011

Fannie Mae Three Years Sell Out

Housing Wire article:
Fannie Mae launched a new product onto the secondary markets Wednesday.

The shorter duration issue of three-year benchmark notes are being consumed by money mangers desperate for liquidity.
The 30-year Treasury auction went just fine. Treasury Auction report. Yields came up after the auction. This article has more detail.

"Yields came up after the auction."

For what it is worth, I have noticed that yields tend to be slightly higher (see chart) during the day of the auctions.

It's based on very little data though. I mainly just did the chart out of curiosity.
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