Foreign centrl banks are dumping USA agency debt (FNM/FRE)

[icm63]

Foreign central banks selling FNM and FRE debt, their spreads go up, mortgages cost more. So does other corporate debt.

USD dollar up.

Funds going into USA treasuries for safety.

Once this stopped, $USD support gone, interest rates yield will rally (price down). 30yr home fixed mortgage back up to 6.9% plus


Source: http://www.jsmineset.com/

[makkie]

Re: Foreign centrl banks are dumping USA agency debt (FNM/FRE)

Mr. Sinclair and his team do a great job letting out these informations and keeping everybody focused in a world with so much spin in the media.

(as well as the iTulipers - of course )

[Jim Nickerson]

Re: Foreign centrl banks are dumping USA agency debt (FNM/FRE)

Foreign central banks selling FNM and FRE debt, their spreads go up, mortgages cost more. So does other corporate debt.

USD dollar up.

Funds going into USA treasuries for safety.

Once this stopped, $USD support gone, interest rates yield will rally (price down). 30yr home fixed mortgage back up to 6.9% plus


Source: http://www.jsmineset.com/

To whom are the comments in the PDF attachment attributed?

[makkie]

Re: Foreign centrl banks are dumping USA agency debt (FNM/FRE)

To whom are the comments in the PDF attachment attributed?

There is an ongoing monitoring of all important market events over at jsmineset.com!

The main fokus is on gold as Mr Sinclair is a heavy weight for this topic.

So the addressee are the reader of his site.
(but the PDF is not of his origin - i think)