VABS News and Press, Virtus Newfleet ABS/MBS ETF From 04/05/23

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...

2023-03-31 06:30:00 ET Summary Slower growth and tighter financial conditions could mean a lower terminal rate and bring forward the timing of the first rate cut. While front-end yields have declined in recent weeks, they are still near multi-decade highs and may remain here as in...

2023-03-30 02:30:00 ET Summary If homeowners want to sell their home and buy a bigger or a smaller home, or a home in a different location, they would have to change from a 3% mortgage to a 6.5% mortgage. So they’re not selling, and they’re not buying - they’v...

2023-03-28 03:25:00 ET Summary Over the past year, bonds and mortgage-backed securities dropped in value as central banks hiked base rates in the banking system - that’s interest rate risk. The sound ones also rebound in value as central banks pause and then start cutting r...

2023-03-26 05:16:00 ET Summary The regulatory intervention of Silicon Valley Bank stopped corporate and financial sector issuance altogether for four working days. The most notable sign of market resilience was a highly successful USD1.8 billion 10 and 31-year sale by Republic of ...

2023-03-23 10:31:00 ET Summary After insisting in 2021 that the Fed would not even consider raising rates in 2022, Wednesday, Chair Powell reiterated their intention for more monetary tightening through 2023. With the lion’s share of global commodities and debt transacted i...

2023-03-22 01:51:00 ET Summary Across fixed income, the effects on credit markets have been acute. There's some volatility that might be exacerbated around maybe the lower quality end of the housing market as well as the commercial market. The crisis hasn't been averted yet. I...

2023-03-21 10:15:31 ET Virtus Newfleet ABS/MBS ETF ( VABS ) - $0.0609 . 30-Day SEC Yield of 3.84% as of Feb 28. Payable Mar 28; for shareholders of record Mar 21; ex-div Mar 20. For further details see: Virtus Newfleet ABS/MBS ETF declares monthly distribution of...

2023-03-13 05:00:00 ET Summary Some of the issues at SVB are shared by almost all banks. Most local banks hold loans to maturity so they are carrying them at cost. Stocks fell early in the week as short-term rates rose and another rate hike was priced in based on Powell’...