ARM Update

May 29, 2018



Yield spreads between hybrid ARMs and Treasuries widened slightly last week, 2bp or so on average. It was a fairly active week for ARMs relative to the quiet across the balance of the bond market with continued seasoned selling, mostly in longer reset pools with lower coupons, supplementing the ongoing demand for current production pools.

 

Last week, activity largely consisted of the following:

 

 



 



Michael S. Erhardt, CPA

Senior Vice President

Investment Strategist

Vining Sparks, IBG

 

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