<div id="readability-page-1"><div><div><p><em>Authored by Michael Ball, Bloomberg macro strategist,</em></p><p>President Donald Trump’sdirectivefor Fannie Mae and Freddie Mac to buy $200 billion of agency MBS is supportive for Treasuries at the margin, but it also <strong>increases traditional mortgage hedging dynamics in rate markets.</strong></p></div></div></div>

房地美

房利美

<p>作者：邁克爾·鮑爾，彭博社宏觀策略師。特朗普總統指示房地美和房利美購買 2000 億美元的機構抵押貸款支持證券，這在一定程度上對國債形成支持，但也增加了利率市場中傳統抵押貸款對沖的動態</p>

房利美和房地美購買 MBS 增加了利率波動的尾部風險