The Fed's actions this morning have certainly helped to thaw the credit markets so far. As shown below, spreads between 10-year Fannie Mae bonds and the 10-year US Treasury tightened significantly today. While they are certainly moving in the right direction, even after today's record decline, spreads are still higher today than they were just a little more than two weeks ago.
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700B top down, plus 150 pork,plus 800 bottom up = 1,650,000,000,000 = selling 200 billion bonds per month = 74 us dollar=7yuan= 2 trillion. Chinese mandrin lessons 200 it's a deal!!!
Posted by: dj | November 25, 2008 at 09:59 PM