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  • gcmorgan_98 gcmorgan_98 Oct 1, 2004 6:13 PM Flag

    One must acknowledge the inherent risk

    Your concerns about the shape of the yield curve are very important. The 'rebuttal' from the NLY management perspective can be had from the following url:


    take care....

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    • Thanks--That is an interesting read, but it is two years old and conditions have changed. In fact, we have seen interests rates go up slightly--the question is will they continue or is it just a symbolic increase as the NLY positon stated.

      It is ironic that for those who have holdings in NLY we find ourselves perversely rooting for a larger deficit???

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