JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 04/28/23

2023-04-28 02:00:00 ET Summary The Fed only holds government-backed Agency MBS where the taxpayer carries the credit risk, not the Fed. The FDIC bridge banks have been and still are the largest of the bank liquidity support programs. Treasury notes and bonds roll off the balan...

2023-04-22 11:31:00 ET Summary High-quality, U.S. agency mortgage-backed securities continue to offer favorable yields and have historically outperformed through recessions, a scenario that looks increasingly likely in the fourth quarter of this year. MBS also stands to benefit fr...

2023-04-17 08:59:00 ET Summary Why we think recent banking sector stress has made already attractive U.S. mortgage securities even more keenly valued. With agency mortgages, the key risk involves prepayments: early or faster-than-scheduled repayment. In normal circumstances, this ...

2023-04-17 04:08:00 ET Summary As we head into the second quarter, we believe it’s very likely that economic data will moderate which would be welcome news for the Fed, supportive of their effort to achieve a soft landing and combat inflation. Global fixed income markets ex...

2023-04-17 03:00:00 ET Summary With bank lending tightening, it seems prudent for the Fed to hit the pause button. Markets are conditioned for loose conditions, expecting Fed loosening measures to reverse any meaningful tightening. Money is perceived as a liquid and stable sto...

2023-04-15 02:25:00 ET Summary One of the recurring themes I’ve focused on in recent years is the inherently long nature of a credit bust cycle like the one we’ve been experiencing since 2021. The commercial real estate market is just one piece of a much larger overa...

2023-04-13 02:25:00 ET Summary Exacerbated by the recent banking crisis, sentiment around commercial real estate (CRE) has turned so weak that these assets are almost perceived to be uninvestible. However, the CRE market has been no stranger to distress since the Global Financial ...

2023-04-05 05:00:00 ET Summary Finding an effective way to address reinvestment opportunities will be crucial. Multi-sector should be more tactical, with the return objective generally expected to be positive in absolute terms over a cycle. The available sectors can be similar...

2023-04-05 04:19:00 ET Summary March’s sudden bank failures have revived investor fears of another global financial crisis. Recent rate hikes signal central banks’ belief that the banking sector is robust enough to weather this episode. While market conditions ma...

2023-04-01 05:31:00 ET Summary The Fed added a gargantuan sum to its balance sheet in March, netting an increase of $324B. As the Fed defines it, the balance sheet increase in March was not QE because it did not buy Treasuries. The inverted yield curve is the clearest sign a r...