As a result of non-prepaying mortgages, the duration of mortgage-backed securities extends significantly beyond original assumptions, leaving the Fed and mortgage investors with perpetually longer-duration exposure than they expected.

causalpending

Speaker

Jack Farley

Evidence Quote

and as a result the duration of the mortgage-backed securities extends

Source

The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris WhalenForward Guidance
Created: 8/11/2026, 1:23:06 AM

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