crease in its negative convexity. The result: fair value everywhere except in the 4.0%s and 4.5%s, where Ginnie Mae looks rich. lie view in rates Fed Chair Yellen last week opened the door to a rate hike this year while signaling yet again that a return to neutral policy would take a long time. The most notab

crease in its negative convexity. The result: fair value everywhere except in the 4.0%s and 4.5%s, where Ginnie Mae looks rich. lie view in rates Fed Chair Yellen last week opened the door to a rate hike this year while signaling yet again that a return to neutral policy would take a long time. The most notab