Relevant:
- Jumbo Mortgage Shoppers Get Little Relief From Fed Rate Cuts
- Agency Mortgage-Bond Yield Spreads Rise to Highest Since March
- Treasury Five-, Seven-Year Notes Lead Gains Amid Fed Speculation
- Mortgage-Bond Yield Spreads Approach Lowest Level on Record
- Bank of England Gives Lenders Estimated $354 Billion
2008-03-27 — bloomberg.com
'The difference between the 10-year government bond yield and the average U.S. fixed mortgage rate was 2.7 percentage points last month, the widest spread since 1986, data compiled by Bloomberg show. Banks are defying Bernanke and hoarding cash after writing down the value of more than $200 billion of mortgage-related securities since July. '
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