> You can choose various flavors of bonds, and various maturities, but they are all fundamentally the same.
It appears to me that you've just equated a US Treasury bond with a private label subprime RMBS. Is that a fair assessment? If so, how strongly do you feel about that equivalence? I see the private label RMBS's as less of a 'real thing'.
It appears to me that you've just equated a US Treasury bond with a private label subprime RMBS. Is that a fair assessment? If so, how strongly do you feel about that equivalence? I see the private label RMBS's as less of a 'real thing'.