ChatGPT: 10/20 year treasury yield likely to drift lower modestly.
Gemini: Potential Indirect Upward Pressure (via Supply/Demand Shifts): The funds used by Fannie Mae and Freddie Mac might otherwise have been invested in Treasuries, reducing a potential source of demand for government debt. A large buyer targeting MBS could cause some investors who previously held MBS to rebalance their portfolios, potentially shifting some investment into Treasuries, but the net effect on the vast Treasury market is likely small.
