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Post#392 by Stanley Jun. 10, 2019, 08:39PM
How do you do? http://9taxi.in.net/ 9taxi.com The Total Return Fund zeroed in on agency MBS that had relatively low coupons. "We liked them" because they were "cheap," says Scott Simon, then head of Pimco's mortgage trading desk, who has since retired. Additionally, "if the Fed wanted to shore up the housing market and create refinancing, they would lower the mortgage rate. If they wanted to lower the mortgage rate, they would buy (bonds with coupons of) 3 percent and 3.5 percent."

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