abacus

MBS market buffeted

Category: RMBS Regulation


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'Unsustainable' hedges called out

MBS spreads to Treasuries widened again yesterday (1 April), giving those hedging margin calls on TBA shorts a breather. But it is not thought that the US Fed has been frightened off by the MBA’s letter on Sunday admonishing its actions in the previous week.

Agency MBS spreads have backed up again, but volatility continues to be the order of the day.

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