In just the week since QE∞ was announced, the spread between agency MBS and 10-year...
Monday, September 24, 2012, 1:12 PM ETIn just the week since QE∞ was announced, the spread between agency MBS and 10-year Treasurys has collapsed from 60 to just 6 bps. With no spread there, look for non-agency MBS - already in rally mode as house prices recover - to continue to benefit, says BAML's Chris Flanagan. Non-agency or hybrid mortgage REITs: CIM, MFA, IVR, WMC.
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