Re: More on Inverted Yield Curves: query #2

[Christopher Niggle <niggle@xxxxxxxxxxxxxx>]

Warren:  Second request...Why do you think mortgages track the swap
market?  Are those securities good substitutes for mortgage backed
securities?

Chris

On Sat, 5 Feb 2000, Warren Mosler wrote:

>
>
> "J. Barkley Rosser, Jr." wrote:
>
> > Sean,
> >       Actually mortgage rates have been much more
> > closely tracking the 10-year securities than the 30-year
> > ones for some time.  No big deal there.
> > Barkley Rosser
>
> To be even more precise, mortgages have been tracking the
> callable swap market within a few cents for years.
>
> Warren
>
> > -----Original Message-----
> > From: Sean Reilly <reilly22@xxxxxxxxxxx>
> > To: POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
> > Date: Friday, February 04, 2000 11:27 AM
> > Subject: Re: More on Inverted Yield Curves
>
>