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Refi by March – Revisited

As noted in prior blog post the Fed confirms the end of program to buy mortgage securities which has been financing US debt. There is some evidence that the asset-backed securities market is already responding, and China has become a net seller of US Treasuries. The Fed claims they are in no hurry to raise rates but they will have to raise cash to finance government spending. It is only a matter of time -short, or shorter- before rates climb.

Law Office of James J. Falcone