HERE YE HEAR YE, NO LONGER A MBS DERIV. TRADE. NOW IT'S HOUSING, AND DOLLAR ....WE WANT $$$ NOT MORE MBS.
And the rates are screaming higher. Another margin call for agnc, and soon.
as to fed. The mandate requires ben to tighten as demand for our dollar makes our foreign debt more expensive. So up goes the rates. gotta keep a lid on this raging economy. best in the world. and china is croakin'.....cost of borrowing has just gone up. right when agnc needs to spo. again. Why. Shrinkage. the book is crushed. creditors and the new fin. Requirements by govt. All say libor going up, rates are boogieing. go dollar. Time to buy late cycle. Or just kick back on a bundle from shorting agnc. He he