Newly issued agency MBS Loading... : Investor Sentiment and Bull/Bear Views
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14:01
Jan 04
Jan 04
Newly issued agency MBS attractive.
Bassman prefers newly issued agency MBS because they offer a higher yield than investment-grade credit with zero credit risk, roughly 100bp over Treasuries versus 50bp for IG. They behave like a covered call on Treasuries: if rates stay around 3.5-4.5%, investors earn a high coupon with low duration, but if rates fall sharply they are called away and lag long-duration assets. He specifically favors newly issued bonds near par, which have about five-year duration, versus the index's older low-coupon, longer-duration bonds.
HIGH
About Newly issued agency MBS Investor Commentary
Across the available history and selected sources, Buzzberg tracks Newly issued agency MBS across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 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. 1 total trade idea tracked. Latest voices: Harley Bassman.