>97% of these MBS were 10+ year duration with average yield of 1.56% >with FED’s interest rate of ~4.5% and increasing in 2023 > customers with deposits who were earning little less than 1.56% (bank spread) can now purchase govt backed sec with >4.5% yield

>97% of these MBS were 10+ year duration with average yield of 1.56%
>with FED’s interest rate of ~4.5% and increasing in 2023
> customers with deposits who were earning little less than 1.56% (bank spread) can now purchase govt backed sec with >4.5% yield

— Abhay 🇸🇬🇮🇳 (@Abhay08) March 10, 2023