Submitted by Tyler Durden on 09/14/2012 - 10:11
undefinedThe open-ended awesomeness of Bernanke's bluster has crushed the spread between mortgages and Treasuries. While the spread had been tumbling in anticipation of Ben's great save, the move from yesterday's announcement is stunning as the already record-low levels have been halved leaving mortgages now under 28bps from being 'as safe as Treasuries'.
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and now at record-er lows..

http://www.zerohedge.com/news/mortgages-28-bps-away-being-safer-treasurys

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.