MBG - Why We Think The Agency Mortgage Market Is Becoming Attractive
By Senior Portfolio Manager Jeff Brothers
The bond markets are off to a roaring start for the year with the fixed income sectors recovering much of the underperformance from the devastating fourth quarter selloff. As we begin 2019, we wanted to focus this week’s podcast on the recent performance and the latest developments in the agency mortgage market.
The mortgage market ended January with yields spreads declining six basis points to 72 basis points over U.S. Treasuries and are now at the lowest levels since October. Through January, mortgages have generated 32 basis points of