goldenlabubuwatch(@pandawatch88):Imagine the buyers of MBS at 3% back in 2021 thinking they will get refinanced in 5-10 years, and instead today they are holding 25 years paper at 3% vs rates at 7.5%. If they need liquidity I have no idea what pricing but maybe like 65 cents? Now imagine if the other half of their portfolio is private equity. Man it is tough.

goldenlabubuwatch

@pandawatch88

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goldenlabubuwatch@pandawatch88

2026.10.30 18:13

Imagine the buyers of MBS at 3% back in 2021 thinking they will get refinanced in 5-10 years, and instead today they are holding 25 years paper at 3% vs rates at 7.5%. If they need liquidity I have no idea what pricing but maybe like 65 cents? Now imagine if the other half of their portfolio is private equity. Man it is tough.