MADISON, Wis. — Bond investors reacted to the Fannie Mae and Freddie Mac conservatorship by taking on riskier assets outside of U.S. Treasuries while others turned to financial and consumer stocks in anticipation of lower mortgage rates, according to MEMBERS Capital Advisors.

The Fannie/Freddie rescue plan appeared to calm the “simmering fears of bankruptcy if bad debts were to continue to mount at both institutions,” the CUNA Mutual Group registered investment adviser subsidiary wrote in its MarketLine alert this week.

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