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Category: Capital Relief Trades RMBS


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STACR tender shows validity of CRT and salience of capital efficiency

The significance of Freddie Mac’s STACR tender offer, announced earlier this week, should not be underestimated, say market insiders.

The tender shows, on the one hand, that the GSE is acutely conscious of the demands of greater capital efficiency, they say.

But it also demonstrates that it places continued faith in the CRT mechanism.

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