有总,是这样的...

来源: 2012-03-08 11:49:43 [旧帖] [给我悄悄话] 本文已被阅读:

Agency bonds always trade at a spread to US Treasury, meaning you have to give more yield for people to hold agency bonds.  Simply put it's because of risk-reward, more risk you take, more yield you expect. US Treasury is still the closest to risk-free.

So, even though now US treasury is downgraded, there are agency bonds that are higher-rated, agencies STILL trade at a spread to US Treasury.  Rating agencies could be a bunch of morans....but traders and investors are not, the market will tell you what it's worth...:))

Not to even mention debts issued by such troubled entities like Fannie and Freddie...what do you think, ha?