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