Pursuits
Mortgage Bonds Can’t Keep Up With Spreads at 11-Month High
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Borrowing costs for U.S. homebuyers may be falling again, thanks to Greece’s woes, but not as much as they could be.
That’s because, even as the potential unraveling of the European experiment drives investors toward safer debt, yield premiums on benchmark U.S. government-backed mortgage securities are climbing, reaching the highest level in 11 months.