JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 07/22/23

2023-07-22 02:35:00 ET Summary As a likely economic slowdown approaches, the investment outlook for short, high-quality consumer asset backed securities looks attractive. Although further prime credit normalization is expected given consumer headwinds, delinquencies and defaults r...

2023-07-14 01:15:00 ET Summary After failures at SVB and Signature, markets have successfully absorbed vast sales of the banks’ MBS portfolios. Coming into 2023, the agency mortgage-backed securities market seemed likely to benefit from both higher mortgage rates and the im...

2023-07-03 10:38:00 ET Summary Despite hawkish policymakers and very mixed economic data, the approaching plateau in rates brings more clarity and conviction to our fixed income views. The peak in rates will come as a relief for some, but if they stay at high levels it will keep t...

2023-06-27 03:05:00 ET Summary Striking the right balance between interest-rate and credit risk can be a good idea in the late stages of a credit cycle. We think it’s a particularly good idea in this credit cycle. Why? Consider that over the last 18 months, investors have g...

2023-06-22 08:56:00 ET Summary In the United States, 30-year mortgage rates play a big role in determining how affordable housing is for American households. As important as they are however, the historical data for mortgage rates is surprisingly lacking. Because housing sales...

2023-06-16 22:06:00 ET Summary The Committee released a new Summary of Economic Projections, which showed slow 2023 growth at 1.0%, though somewhat stronger than the 0.4% projected in March. Powell suggested that housing costs, among the key drivers of inflation now, have had a ve...

2023-06-02 13:11:15 ET Nuveen Mortgage and Income Fund ( NYSE: JLS ) declares $0.123/share monthly dividend, in line with previous. Forward yield 9.28% Payable July 3; for shareholders of record June 15; ex-div June 14. See JLS Dividend Scorecard, Yield Chart, &a...

2023-05-05 02:45:00 ET Summary As bond yields rose in 2022, investors sought refuge in high-yield bank loans, whose floating coupons are often heralded as an antidote to rising rates. But with conditions shaping up differently in 2023, bank loans may face challenges. We think ...

2023-04-30 08:02:00 ET Summary The pandemic hurt small retailers by hastening the transition to digital commerce and emptied office buildings by turning living rooms into workspace. Although it’s tempting to lump commercial real estate together, the commercial real estate m...

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...