MBS- FNMA 4.5 price: 102-00 closed.

10-yr Treasury Yield: 3.40% closed.

Here is one for you that coincides pretty well with my earlier post.  It just shouldn’t go unnoticed:

“The deal that those banks got was a stunning deal, un-gettable in the private sector,” he said. “The notion that a corporation could be on its knees, about to go to bankruptcy, and get money that they could effectively borrow at seven or eight percent is, you know, it’s just nothing that any private equity firm would have done, that any private source of capital would have done. And so I think it’s fair to say the American taxpayer enabled many of these companies to survive and be in the position they’re in today — and that’s not unnoticed.” Private investors, he said, would have wanted more like 30 percent interest.  Link to article…