MisFit Kid Posted May 28, 2013 Report Share Posted May 28, 2013 Um. Why is this happening? Hint, Hint, Nudge, Nudge, there are some assumptions, idle chat...... "Investors" is the operative(code) word in this brief......... Fannie, Freddie climb 25% to continue surge 9:42 AM ET, 05/28/2013 - MarketWatch Pulse News Bullet WASHINGTON (MarketWatch) -- The over-the-counter common shares of mortgage giants Fannie Mae and Freddie Mac each leapt over 25% on Monday, extending the 40%-plus gains seen Friday. Both companies are under government conservatorship, and the Treasury gets all their dividends. Investors have poured into both stocks on the hopes the firms will be able to buy their way out of government control once the dividends they have sent to the government exceed the $187 billion injected into them. Year-to-date, Fannie Mae shares have leapt 1351% and Freddie Mac shares have gained 1246%. Of the preferred shares that are active, Fannie Mae 8.25% rose 6.7% and Freddie Mac 8.375% added 6.9%. Link to comment Share on other sites More sharing options...
dogsie Posted May 28, 2013 Report Share Posted May 28, 2013 Bond market getting crushed today! Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 28, 2013 Report Share Posted May 28, 2013 Bond market getting crushed today! Other than FNMA and Freddie debt instruments......... which currently do not pay (technical default)........... they are being bought hand over fist....... and their Theoretical yields are going to Zero........ Space Oddity......... >: General Motors bonds are also being bought like mad. possible upgrade too. THAT MAKES Fannie/Freddie/GM all good to go.......... Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 29, 2013 Report Share Posted May 29, 2013 ANY QUESTIONS..................................................................................................................................... Link to comment Share on other sites More sharing options...
aussiebear Posted May 29, 2013 Author Report Share Posted May 29, 2013 ---> Wavering Wednesday http://www.capitalstool.com/forums/index.php?showtopic=11948 Link to comment Share on other sites More sharing options...
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