Bond Banter: ARM in ARM

Lauren Young

I've been covering fixed-income for a long time. And while I'm the first to admit it can be a snoozy topic, lately it's a little more interesting to write about. That's because everyone has a different opinion on what's going to happen. For example, rising interest rates and the proliferation of adjustable-rate mortgages make Didi Weinblatt, portfolio manager of USAA GNMA Trust Fund (USGNX), jittery. But Andrew Clark, senior research analyst at Lipper, isn't too nervous.

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