9/21/2010

Dealers requested bids last week on about $7 billion in mortgage bonds without government backing, up from less than $2 billion the week before, according to JPMorgan Chase. Sales of mortgage bonds are soaring despite prices being at an almost two-year high. The market for nonagency mortgage securities has seen little change or modest gains this year, even during periods of economic uncertainty and dismal housing reports.

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Bloomberg

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