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5 Critical Questions to Ask When Investing in ETFs
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Mortgage ETF's Weak Volume Start
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New iShares Mortgage-Backed ETF: No Subprime Holdings
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Barclays Launches First Mortgage Based Securities ETF
SA Editor Eli Hoffmann • Mon, Mar 19, 2007
New Mortgage-Backed Securities ETF Introduced
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Fed Tapering Scenarios: The Winners And Losers On Wednesday
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FOMC Meets Next Week As Market Volatility Increases
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The Death Of Bonds Is Greatly Exaggerated
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Selling Begets Selling: 4 Bond Market Cracks Threaten Rally In Risk Assets
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2 Bond ETFs That Have Had A May Meltdown
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Real Estate Mortgages - What Happened To Risk?
Pater Tenebrarum • Wed, May 22 • 2 Comments
Is Fed Policy Responsible For The Rally?
CFA Institute Contributors • Wed, May 1 • 1 Comment
Bond Market Review Q1 2013
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Yes, There Is Still Hope In Bond Investments
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Allocating Within The All-Weather Sailboat Portfolio: Part 2
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Fidelity Increases Commission-Free ETF Count to 66
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Fixed Income: Fewer Places To Hide
Bard Luippold • Fri, Mar 15 • 11 Comments
How To Profit From Quantitative Easing
David Cretcher • Tue, Mar 12 • 5 Comments
Allocating Within The All-Weather 4 ETF Portfolio
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CEF Weekly Review: H&Q Health Care Investors
Joe Eqcome • Sun, Mar 10 • 7 Comments
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Equity Index Valuation Model For An Activist Fed-Driven Market
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There are no Transcripts on MBB.

Your First Move for Thursday, Sept. 20

at CNBC.com (Sep 19, 2012)
Weekend Investor: Five mortgage funds for yield-hungry buyers

at MarketWatch.com (Aug 13, 2010)

MBB vs. ETF Alternatives

MBB Description

The iShares Barclays MBS Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the investment grade agency mortgage-backed securities sector of the United States as defined by the Barclays Capital U.S. MBS Index.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Corporate Bond ETFs
Asset Class Performance: Bonds

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Saturday, June 15, 11:36 PM UBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). 2 Comments
Thursday, May 30, 3:31 PM Fidelity's plans for actively-managed ETFs takes shape, the firm registering the Fidelity Mortgage Securities ETF and the Fidelity Corporate Bond ETF. The mortgage product will invest in investment grade MBS and have a similar profile to the iShares MBS Bond Fund (MBB). The corporate fund will have similar interest rate risk to that of the iShares Credit Bond Fund (CFT). Getting with the times: They'll be the first new Fidelity ETFs in a decade. Comment!
Tuesday, May 28, 1:33 PM Growing thoughts of a tapering and then ending of QE∞ triggers panicky selling in the mREIT sector (MORT -2.3%) as Treasury yields hit their highest level in more than a year (the 10-year at 2.12%), and mortgage prices slide as well (MBB -0.4%). Leading the way is a 5.3% decline in American Capital Agency. Annaly (NLY -2.7%), Two Harbors (TWO -3%), Anworth (ANH -2.2%), Western Asset (WMC -4.7%), Apollo Residential (AMTG -3.7%), Javelin (JMI -4.3%), Invesco (IVR -1.8%), MFA Financial (MFA -1.5%). 83 Comments [Financials, On the Move]
Tuesday, February 12, 1:41 PM MBS (MBB) are in a bit of a bear market, falling back to levels not seen since the Bank of Bernanke took aim at raising their prices (lowering yields) with QE∞ in September. A buyer at these prices is AGNC's and MTGE's Gary Kain, who says the pendulum has swung back to favoring agency MBS purchases instead of non-agency paper. 1 Comment [Financials]
Friday, January 18, 3:56 PM Anything to do with housing, we are long, Kyle Bass tells CNBC. This includes MBS (MBB), mortgage servicing rights (Bass doesn't mention names, but OCN, NSM, WAC, NCT are among the players), and conventional mortgage insurers. The interview also contains familiar red meat concerning the Japan debt bomb, with Bass saying the timetable for detonation has moved up. 7 Comments [U.S. Economy, Financials]
Wednesday, December 19, 2012, 3:27 PM Bill Gross (BOND) is "lightening positions" in MBS after they've been a big winner for his funds this year (interesting: the MBB has actually declined since the Fed began QE∞). He's also cutting back on his holdings of corporate paper (LQD). Expecting the Fed to eventually produce higher inflation, he's added to his holdings of TIPS (TIP), while cutting back on non-inflation protected Treasurys. 3 Comments [U.S. Economy, Financials]
Wednesday, December 12, 2012, 4:51 PM Risk premiums have been squeezed out of nearly every asset class, says Ray Dalio, making a short of bonds (presumably anything but Treasurys) maybe the best opportunity for returns. He's fuzzy on the timing though, other than the later in the year, the better. "He who lives by the crystal ball will eat shattered glass." 6 Comments [U.S. Economy, Quick Ideas]
Tuesday, November 27, 2012, 12:29 PM Some fixed-income investors may get an unexpected tax bill as iShares expects to have capital gains distributions on 5 of its ETFs before year's end. For the Total U.S. Bond Market ETF (AGG), the distribution should be 35-44 basis points; for the LQD, just 0-1 basis point. Other funds affected: MBB, GNMA, MONY. Comment! [Financials]
Thursday, October 11, 2012, 3:33 PM Impossibly low mortgage rates could go even lower if the Fed targets MBS paying 2.5% - paper that previously attracted little to no interest from real-money investors. Should a liquid market form for these bonds, it wouldn't be impossible to envision a 2-handle on the 30-year mortgage. 2 Comments [U.S. Economy]
Thursday, September 27, 2012, 2:55 PM The FRBNY makes net purchases of $20.1B of 15 and 30-year MBS for the week ended yesterday, roughly half of what it is expected to do monthly under the new QE∞ program. 5 Comments [U.S. Economy]
Tuesday, September 25, 2012, 12:57 PM The hot mortgage REIT sector gets a bit frothier as Javelin Mortgage (JMI) files to raise $125M in an IPO. The recently formed business, managed by ARMOUR Residential (ARR), will - what else - borrow short, lever up, and buy MBS. (S-11) 16 Comments [Financials]
Friday, September 14, 2012, 2:41 PM Explain again why the Fed needs to support the MBS market? The spread between an index of MBS and Treasurys hits 91 basis points, the narrowest gap since at least 1984, according to Bloomberg. "A typical fundamental-value framework" is useless, says a portfolio manager. In today's monetary policy environment, one wonders what other assets the same could be said about. Comment! [U.S. Economy]
Wednesday, September 12, 2012, 12:42 PM "The mortgage market (is) more than priced for QE perfection," writes Tim Backshall, producing a chart of the nearly eliminated spread between 30 year mortgages and Treasury yields. The chart poses the question of how exactly a Fed program of MBS purchases is going to ease credit conditions any more than they already are. Comment! [Financials, U.S. Economy]
Thursday, August 30, 2012, 9:17 AM Bernanke may not deliver tomorrow, says Bill Gross, but further QE is coming "relatively soon." Don't expect much reaction though, he contends, as even The Chairman recognizes each new bout of stimulus brings smaller and smaller benefit. Gross (BOND) is a major holder of MBS, which presumably would be the target of the next round of asset purchases. 6 Comments [U.S. Economy]
Thursday, August 23, 2012, 5:09 PM Noting the FOMC minutes said additional ease is coming fairly soon unless the economy sees "sustainable strengthening," Bill Gross says QE3 is a "done deal." He expects an open-ended program in which neither the size nor ending date of asset purchases is fixed. How to play it? Buy TIPs and buy mortgages (or buy the companies that buy mortgages). 4 Comments [Financials, U.S. Economy]
Wednesday, August 22, 2012, 3:40 PM The previously down solidly mortgage REIT sector begins to show some green, moving higher in unison following the Fed minutes. Presumably, the next bond purchase program will be aimed at MBS, of which the mREITs own plenty. The entry of a gorilla buyer into the market will likely drive prices higher. 1 Comment [Financials, On the Move]

Dr. Kris
Mortgaged-based funds breaking major support today: MBB & VFIIX (GNMA fund). TIPS funds testing support: IPE, TIP.
2/8/11
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ETFdesk
WaysToPlay: JP MORGAN'S TOP 10 TRADES OF 2010 (PragCap) http://bit.ly/8ajBga $AGZ $EEM $JNK $MBB $UUP $XLP $JPM #ETF #MKT #News #Trading
12/24/09
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WaysToPlay: Amherst Securities Testimony on state of houing market http://bit.ly/8OmVXF $MBB $XHB #ETF #MKT #Housing
12/11/09
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WaysToPlay: Bill Gross Says Value Diminishing in Credit Markets http://bit.ly/4n8TmF $HYG $LQD $JNK $MBB $MBG $TENZ #ETF #MKT #Bonds
11/13/09
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