MBS Angel Oak Mortgage-Backed Securities ETF Loading... : Investor Sentiment and Bull/Bear Views
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Top Calls
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Price change since each call, adjusted for long/short direction. Results calculated:
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Time
Author
Thesis
Company / ticker
Signal
Since call
Position
Source
11:05
Oct 06
Oct 06
Bloomberg Markets
MBS provide softer long Treasury exposure.
Within the U.S., moving from dollar investment-grade credit to mortgage-backed securities requires little yield sacrifice and acts as a softer way to hold long Treasury exposure with a little more yield.
MBS
Angel Oak Mortgage-Backed Securities ETF
Long
1ST
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19:54
Sep 17
Sep 17
Macro Voices
Negative convexity makes agency MBS risky
Mortgage bonds are negatively convex covered calls. Recouponing has shifted the mortgage stack to higher coupons near strike, and falling/inverting yield curves make them more negatively convex, widening spreads. If you own MBS, be careful; prices can fall quickly when volatility rises.
MBS
Angel Oak Mortgage-Backed Securities ETF
Avoid
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17:55
Sep 17
Sep 17
Macro Voices
Negative convexity makes agency MBS risky.
The mortgage market's convexity is becoming more negatively convex as the yield curve flattens/inverts and low-coupon mortgages are recouponed into higher-coupon, near-strike bonds. That widens MBS spreads over Treasuries, and if you are involved in MBS you should be careful because upside is capped while downside remains exposed.
MBS
Angel Oak Mortgage-Backed Securities ETF
Avoid
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About MBS Investor Commentary
Across the available history and selected sources, Buzzberg tracks MBS (Angel Oak Mortgage-Backed Securities ETF) across 7 sources: 9 bullish vs 0 bearish calls from 14 authors. Historical directional balance: 60% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 15 total trade ideas tracked. Latest voices: James Ringer, Harley Bassman.