- Mortgages aren't that cheap anymore, says CYS Investments CEO Kevin Grant, on the earnings call. Asked a question about the sale of MBS in Q1 and purchase of Treasurys, Grant says his team can actually create a spread with government paper similar to that of mortgages.
- The bottom line according to CYS management: Low volume and high prices in mortgages make it a good idea to wait for a pullback before becoming aggressive buyers again.
- Previous earnings coverage
- Shares +1.7% premarket
Check out Seeking Alpha’s new Earnings Center »
From other sites
at CNBC.com (Jul 16, 2014)
at CNBC.com (Jun 10, 2013)
at CNBC.com (Jan 9, 2013)
at CNBC.com (Nov 8, 2012)
at CNBC.com (Sep 11, 2012)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs