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George Pearkes
peark.es
did:plc:pnx2fjuannbdpy3337ggthpp
30y mtge price off the belly not the long end because their duration is more like 6-8 years than 30; that free prepayment option gets exercised and REGULARLY. Refis + moves mean the typical mortgage gets paid off long before scheduled maturity. More in the thread linked in next post.
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2026-07-30T12:09:56.773Z