Bloomberg writes "Fannie Sells $2 Billion in Debt at Higher Yields", which quotes Crane Data's President Peter Crane, "The rising spreads clearly show some buyers are backing away from the market.... But in general I think money funds continue to buy and hold Fannie and Freddie debt: They assume the short-term money-market debt will be safe and covered." Crane adds, "There's no other place to go, now that money funds are out of SIVs. A lot of people are looking at the rise in spreads as a godsend."

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