Pre-FOMC: A Different Type Of Taper

The Federal Reserve is considering reducing the pace of quantitative tightening. The Fed's securities holdings have dropped from $8.5 trillion to $6.97 trillion. Kevin Flanagan says the Fed's ultimate goal is to have only Treasuries on its balance sheet. He says a "QT taper" is not on the immediate horizon.

Weekly Report: what happened at SPMB last week (0408-0412)?

Fixed Income Perspectives - Looking Ahead At Q2 2024: A Pause Before A Pivot

Adam Abbas' Fixed Income Market Commentary - Q1 2024

Weekly Report: what happened at SPMB last week (0401-0405)?

SPMB Crosses Below Key Moving Average Level

SPDR Portfolio Mortgage Backed Bond ETF declares monthly distribution of $0.0631

SPDR Portfolio Mortgage Backed Bond ETF declares monthly distribution of $0.0631. 30-Day SEC Yield of 3.51% as of Mar. 27. SPDR Portfolio mortgage backed bond ETF (SPMB) to pay monthly distribution on Apr. 01.

Weekly Report: what happened at SPMB last week (0325-0329)?

Riding The Convexity Wave In Securitized Credit

Home Investing Strategy Fixed Income Analysis Riding The Convexity Wave In Securitized Credit. Four areas of securitized products that offer interesting convexity anomalies or opportunities in the current rate environment. Agency Mortgage-backed Securities (MBS) are the least negative for the first time.

Weekly Report: what happened at SPMB last week (0318-0322)?

Weekly Report: what happened at SPMB last week (0311-0315)?

Weekly Report: what happened at SPMB last week (0304-0308)?

Weekly Report: what happened at SPMB last week (0226-0301)?

SPDR Portfolio Mortgage Backed Bond ETF declares monthly distribution of $0.0649

Weekly Report: what happened at SPMB last week (0219-0223)?

Fixed Income Market Expectations In 2024

Michael Goosay, Chief Investment Officer, Global Fixed Income, shares his outlook for the fixed income markets in 2024. He says global central banks may be looking to cut interest rates in 2024 and beyond. He believes fixed income will be an attractive asset class as the economic tightening cycle turns into a pause in and an easing of policy.

A Turning Point In Sub-Prime Credit

Chart Of The Moment: Commercial Real Estate's Surprising Rally

Commercial mortgage-backed securities (CMBS) rated BBB have outperformed Treasuries, corporate bonds, and other securitized credit sectors for the year to date. Some of this rally in CMBS likely was triggered by market expectations that interest rates peaked. The commercial real estate market's impending demise has been well-documented.

Weekly Report: what happened at SPMB last week (0212-0216)?

CMBS: Measured Optimism Amidst Great Uncertainty