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Fannie Mae mortgage bond yields decline to lowest in a year

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Yields on Fannie Mae and Freddie Mac mortgage securities that guide US home-loan rates fell to the lowest in more than a year and many of their notes rose near record high prices as investors seeking safe debt wager prepayments will stay manageable. The yield on Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds, or those trading closest to face value, dropped to 3.88%.

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