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Book values at MFA Financial (MFA), Invesco (IVR), Two Harbors (TWO), and Dynex (DX) could end...

Book values at MFA Financial (MFA), Invesco (IVR), Two Harbors (TWO), and Dynex (DX) could end up stronger than estimates, says Sterne Agee, as non-agency MBS are performing better than would be suggested by the ABX/CMBX indexes. Assisting in demand for the paper are new bank capital proposals allowing less reliance on credit ratings and more on performance.
Comments (1)
  • Hi-yield bonds had a positive comment from Moodys. They mentioned that default rates have maintained a below average rate. This is pushing up all hi-yield investments.
    28 Jun 2012, 04:13 PM Reply Like
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