🔴 FNMA is trading 4.8% down today on reports of interest-rate risk and duration gaps

FNMA is trading 4.8% down at $6.93 following a sharp two-day rally as traders react to reports of renewed scrutiny regarding interest-rate risk.

• Bloomberg reported that Fannie Mae and Freddie Mac are facing increased attention over growing interest-rate risk and portfolio duration gaps.
• The stock is also facing pressure from a broader market pullback, with major indices trading lower and driving risk-off sentiment toward rate-sensitive housing-finance names.