Bernanke Treasury Plan Drives Pimco to Mortgage Bonds – By Daniel Kruger – … Yields on Washington-based Fannie Mae’s current-coupon 30- year fixed-rate mortgage bonds declined to 3.85 percent on March 19, the lowest in two months. The difference between the rates and those on 10-year Treasuries shrank to 1.18 percentage points last week, the narrowest since July 2007 and down from 2.32 percentage points in November. … – Bloomberg 
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The New Flippers?: No Time For T-Bonds – Carl Gutierrez – Dealers buy U.S. government paper and quickly sell it back. – … “What appears to be happening is the 16 primary dealers that were responsible for helping underwrite the auctions are now long with the hope of quickly selling the bonds at a higher price to the Fed before the next supply infusion comes in a few weeks,” said Josh Stiles, senior bond strategist at IDEAglobal. … -  Forbes
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Me Too! Look Ma, I can Earn a Positive Interest Spread with Fed Funds Near Zero and Bernanke Stomping on the Yield Curve! It’s gonna be OK, Really! -  Daniel Alpert – RGE Monitor