Mortgage bonds supported by government-backed companies like Fannie Mae and Freddie Mac were trading slightly wider Monday morning after Moody’s Ratings downgraded the US late last week.
Risk premiums on recently produced 30-year mortgage bonds guaranteed by Fannie Mae rose to roughly 1.54 percentage points above a blend of Treasuries as of 11:20 a.m. in New York, according to data compiled by Bloomberg, compared to 1.49 percentage points on Friday.
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