The spread of agency MBS to 5- to 10-year Treasuries reached a historically wide level in late 2022, offering an attractive entry point for investors. The diminishing negative convexity and strong US ...
Lenders are going for it. 4.0 hedges were bought back yesterday and 3.5 MBS coupon supply traded. On average, loan pricing is up 26.8bps today and 96.6bps better week over week (Thursday was the worst ...