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Lehman to add agency hybrid ARMs to U.S. Aggregate Index

Lehman Brothers recently announced it would include U.S. agency hybrid ARMs as part of the MBS Index beginning April 1, 2007. As of the Sept. 28 close, the U.S. Hybrid ARM Index contained 1,285 bonds with a market value of $321 billion, analysts said. The projected share of hybrids...

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