SPDR Barclays Capital Mortgage Backed Bond ETF (MBG) - NYSEARCA
  • Aug. 8, 2011, 1:47 PM

    Mortgage-backed securities (MBB +0.2%) gain slightly even after S&P lowers its rating on Fannie Mae (FNMA.OB), Freddie Mac (FMCC.OB) and FHLBs, although yield spreads versus Treasurys widened. Analysts expect the bigger concern for mortgage securities is increased interest-rate volatility and uncertainty on prepayments.

    | Aug. 8, 2011, 1:47 PM
MBG Description
The SPDR® Barclays Capital Mortgage Backed Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. agency mortgage pass-through sector of the U.S. investment grade bond market. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: United States
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