These ‘Crazy Cheap’ Mortgage-Backed Securities Offer Hefty Yields, Mild Risk

Updated June 3, 2022 10:30 pm ET / Original June 3, 2022 3:30 am ET

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Move over TINA, it’s time for TARA. The latter stands for “There’s a Reasonable Alternative,” a reference to bonds I heard bandied about in the financial media this past week. That, of course, is the opposite of the acronym for “There Is No Alternative” to stocks, which has gotten rather shopworn after the S&P 500’s 12.76% negative return in 2022’s first five months.

While the TARA acronym didn’t originate here, it should be familiar to readers of this space. Back in mid-April, this column noted that the sharp rise in bond…

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