We've generally become favorable of shorter-dated (agencies) inside of five years as of December. Spreads widened out, more so in the front of curve.
More Quotes from Jamie Jackson:
People make too much out of whether we're inverted or not. It's as if when we're positive by a couple of basis points, everything is OK, but if we're negative by a basis point, somehow the laws of nature have been violated. The reality of it is the curve is just flat.Jamie Jackson
I always view a really large foreign participation number as being a dangerous thing. If you're looking at somebody who is maybe not a natural buyer or a long-term buyer, the danger is that if it takes that participation to make them (the deals) just go OK, what happens when they don't show up
Jamie Jackson
She was a great lady, she tried to help as many students as she could. She was always there for me.
Jamie Jackson
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The flower is the poetry of reproduction. It is an example of the eternal seductiveness of life.
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