JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 03/22/20

The significant turmoil seen in financial markets over the past couple of weeks has led some investors to use the U.S. mortgage market as a source of liquidity, pushing valuations down to levels that have brought back memories of 2008. The recent dislocation is one of the most rapid and severe...

The New York Fed will conduct an additional $15B of MBS purchase operations this afternoon across two operations for regular TBA settlement. More news on: Annaly Capital Management, Inc., AGNC Investment Corp., Two Harbors Investment Corp., Financial stocks news, News on the U.S. economy...

Several months ago, we introduced our yield-target CEF portfolios. These portfolios are somewhat unusual from what CEF investors may be used to in the sense that they are not discretionary. In other words, they are quantitatively constructed according to a few simple goals. These goals are t...

30-year fixed-rate mortgage averages 3.65%, up 29 basis points from 3.36% from the prior week, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, D.R. Horton, Inc., PulteGroup, Inc., Financial stocks news, News on the U.S. econ...

The CEF market is starting to crack. While we bemoaned the unattractive discount valuation over a few previous articles, we are finally seeing some evidence of capitulation. Given significant uncertainty around the medium-term medical and economic picture alongside air pockets of liquidity, we...

(This report was issued to members of Yield Hunting on March 4 th , 2020, with additional analysis for members only) Well, we knew this was going to happen. Discounts were taking the escalator up for months reaching what has been historically tight levels. But as usual, panic selling sends...

Author's note: This article was initially released to CEF/ETF Income Laboratory members on February 10, 2020. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus...

The continuing market sell-off on the back of coronavirus spread fears has not stopped at the border of the CEF market, pushing NAVs lower and discounts wider. In this article, we benchmark the current sell-off against other historic episodes. Our basic conclusion is that we have much more to ...

30-year fixed-rate mortgage averages 3.45% for the week ending Feb. 27, down from 3.49% in the previous week and 4.35% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, iShares Mortgage Real Estate Capped...

This article was originally released a month ago - we continue to find value in these sectors and funds. Many CEF commentators, us included, follow the unsavory journalistic practice of "if it bleeds, it leads", at least with respect to distribution cuts, focusing on particularly sharp sla...