The unsettling Capitol Hill testimony that sent Fannie Mae and Freddie Mac's mortgage-backed bonds into a tailspin last month has helped Ginnie Mae's securities.

Monday morning, Ginnie Mae 7.5%-coupon bonds were trading at 27/32 of a point higher than comparable Fannie Mae issues. Back in January, the same Ginnie bonds had been trading 5/32 lower than the Fannie Mae issues.

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