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home / news releases / JLS - U.S. MBS Falls Apart Mid-Month

JLS - U.S. MBS Falls Apart Mid-Month

Nuveen Mortgage Opportunity Term Fund

2024-02-07 08:04:00 ET

Summary

  • Sluggish out of the gates.
  • Negative on the negative convexity.
  • Supply glimpse offers insight into prepays.

By Albert Durso, Senior RMBS/CMBS Strategist, Analytics, LSEG Data & Analytics

January flops as rates trend higher

In a puzzling open for MBS, especially after the robust close out to 2023, spreads widened as prices dropped and traders once again debated the debatable-timing and direction of forward Fed rates moves....

For further details see:

U.S. MBS Falls Apart Mid-Month
Stock Information
Company Name: Nuveen Mortgage Opportunity Term Fund
Stock Symbol: JLS
Market: NYSE
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