Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Especially when they have limited 5 year call windows.

Boy that jogged the memory

All of the paper is past 5 years the usual call barrier

But some - ? - can only be called on 5 year cycles ?

Do you know if that might be H I S (which I own)

Interesting point !! --- if and when it starts paying again - it likely will trade below PAR for uncertainty (my guess) and not adjust for the higher than market interest so yield to maturity will like be coupon yield plus the step up to par

hhmm