At Any Rate: The GSEs and their $200bn Grand Spread Experiment

Ipek Ozil, Nick Maciunas and Nate Rosenbaum discuss GSEs buying Agency MBS in size following President Trump’s social media post and the potential impact from it.   Speaker: Ipek Ozil - Head of US Interest Rate Derivatives Strategy Nicholas Maciunas - Head of Agency MBS Research Nathaniel Rosenbaum - US HG Credit Strategist    This podcast was recorded on 15 January 2026. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.