mortgage-backed securities Loading... : Investor Sentiment and Bull/Bear Views
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Price change since each call, adjusted for long/short direction. Results calculated:
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15:18
Sep 11
Sep 11
Higher macro volatility, cautious on MBS
The September Fed meeting is a close call, and with adverse seasonality and very low expected volatility, investors are not being adequately compensated for the wide range of outcomes. He is positioned for higher volatility across macro markets and is cautious on mortgage-backed securities.
HIGH
22:40
Jun 26
Jun 26
Tactically negative on mortgage-backed securities.
Less forward guidance from new Fed Chair Warsh increases uncertainty and volatility, which is bad for MBS because investors are short the homeowners' refinancing option. The shift from rate-cut to rate-hike expectations also makes the environment less favorable for bank and overseas demand. Therefore, they are tactically negative on the mortgage market near term, even though strong technicals from GSE buying and low supply provide a floor.
HIGH
20:19
Apr 30
Apr 30
Prefer MBS over credit near term.
The dilemma of rising capital spending by tech companies supports equities but requires significant borrowing, which is a credit negative. In the near term, risk-reward is better in other parts of fixed income, specifically mortgage-backed securities, which are not directly exposed to this borrowing pressure.
MED
14:34
Feb 09
Feb 09
Fed may eventually sell mortgage-backed securities.
Warsh is critical of the Fed's large balance sheet and its involvement in credit allocation and mortgages; Clarida expects the Fed could over time adjust policy along those lines, and the Fed has already discussed selling mortgage-backed securities, though not overnight. This creates a policy-driven watch on MBS supply and pricing.
MED
18:07
Jan 29
Jan 29
FHFA MBS purchases lower mortgage costs
Turner says HUD is working with FHFA to buy $200 billion of mortgage-backed securities, driving down mortgage costs and supporting home sales, which rose to a three-year high.
MED
15:45
Jan 22
Jan 22
Government MBS buying supports mortgage market
Roth expects the government/Fed to keep buying mortgage-backed securities to push mortgage rates down, which is a policy-driven support mechanism for the MBS market even though she prefers structural fixes like assumable mortgages for housing supply.
MED
17:26
Jan 21
Jan 21
Government mortgage-bond buying supports MBS.
Trump has instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates, a direct demand support for the mortgage bond market.
MED
16:33
Jan 21
Jan 21
Government buying mortgage bonds supports MBS.
Trump says he instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates, which supports mortgage-backed securities prices.
HIGH
15:23
Jan 21
Jan 21
Mortgage bond purchases support MBS
Trump says he has instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates. The buying program should support mortgage-bond prices and lower mortgage rates.
HIGH
18:20
Jan 13
Jan 13
MBS get policy tailwinds, prepayment protection
Ackman's prepayment-penalty proposal would benefit MBS buyers by reducing prepayment risk, and the administration directing Fannie and Freddie to buy $200 billion of mortgage-backed securities provides policy tailwinds and stealth QE for the sector.
MED
21:57
Sep 21
Sep 21
Fed stopping QT supports mortgage-backed securities.
Hanke argues the Fed's quantitative tightening is keeping monetary policy tight and draining mortgage-backed securities from its balance sheet. If the Fed stopped QT, it would bolster MBS prices and lower mortgage rates, which he says is what the Fed should do to support housing.
MED
22:02
Apr 23
Apr 23
Fed cuts may spark MBS prepayments
If the Fed cuts rates, mortgage-backed securities could see a wave of prepayments, which the Fed would welcome as it wants to shrink MBS and hold only Treasuries; investors should monitor prepayment risk.
MED
About mortgage-backed securities Investor Commentary
Across the available history and selected sources, Buzzberg tracks mortgage-backed securities across 5 sources: 6 bullish vs 1 bearish calls from 9 authors. Historical directional balance: 42% = 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. 12 total trade ideas tracked. Latest voices: Andrew Sheets, Jay Bacow, Richard Clarida.