Fannie Mae-No Politics (FNMA)

[Donotunderstand]

ok
another try re JPS as debt

if all of FNMA debt is trading at PAR or Premium above PAR when interest is 4.5% or higher

if JPS is DEBT --- why is it the only debt trading so low ?

(again - every bit of debt is at PAR or often higher - even if this is the lowest of the low of the super low debt it would trade at say 95 cents of each dollar of PAR)

just wondering why - if DEBT - the JPS trade so low ?