“If you take Warsh at his word that he dislikes balance sheet expansion as a way to compress yields, then it means it falls onto Treasury,” said Greg Peters, co-chief investment officer at PGIM Fixed Income and a member of the Treasury Borrowing Advisory Committee, an panel made up of dealers, investors and other market participants.Already, Trump in January directed government-controlled Fannie Mae and Freddie Mac to buy $200 billion of mortgage-backed securities to help cap costs for would-be homebuyers.D ...