Mortgage-backed securities market waits for interest rate clouds to lift

At ABS East, a big gathering for the securitisation markets in Miami last month, both the mood and the weather were better than expected, attendees said. But in the beleaguered subsector of mortgage-backed securities , seeing just a glimmer of sunshine is about as good as it has got this year. And the forecast seems unlikely to improve any time soon. With $12.

Currently, for top-rated MBS backed by the US government, they stand at almost 1.8 percentage points, according to Bloomberg data. That’s below a peak of 1.9 percentage points in May, but well up from 0.6 percentage points in January 2022. For these spreads to fall, MBS prices would have to rise more rapidly than Treasury prices — which would then encourage fresh investment. Supply, at least, is likely to remain relatively tight, offering some support to MBS prices.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

UK mortgage lending to increase by lowest amount in a decade amid high rates and sluggish housing marketLenders are struggling to attract business - and brokers say they may have to drop rates to do so
Fonte: i newspaper - 🏆 8. / 89 Consulte Mais informação »