Apparently these securities are long-ish dated bonds, currently under water because of interest rates going up. Only big institutions can afford to wait for int

Apparently these securities are long-ish dated bonds, currently under water because of interest rates going up. Only big institutions can afford to wait for interest rates to go down and price to go back up again (and judging by how inverted the yield curve is, rates will go down in a few years). A few years from now current buyers may even make money on these. I was thinking the Treasury will take over the bonds - they certainly have the capability to wait a few years.