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Commentaries — December 30, 2002

Is Fannie Mae’s Duration Gap Becoming an Issue Again? With only two days left in the month (year) and very thin markets, any further drop in interest rates could get Fannie Mae’s hedging operation active and potentially produce an exaggerated move lower in interest rates.

Open Is Fannie Mae’s Duration Gap Becoming an Issue Again?
With only two days left in the month (year) and very thin markets, any further drop in interest rates could get Fannie Mae’s hedging operation active and potentially produce an exaggerated move lower in interest rates.