Investor demand climbs for Fannie, Freddie, Ginnie debt

Investors continue to look for safe investments,
pushing up prices of mortgage securities issued by Fannie Mae, Freddie Mac and Ginnie Mae. The agency
bonds are trading at more than their face value, yielding about 1.5% more than comparable Treasurys. Foreign
investors are attracted to the bonds because they are guaranteed by the government. The Wall Street Journal