CMO Market Update

December 17, 2018

As the year comes to a close, I wanted to quickly share a couple charts showing spread and yield history from a high level over the past year. On a spread basis, short CMOs are near their tights for the year while 5yr and 10yr remain relatively wide, setting the 10yr PAC aside. On a yield basis, all are trading back from their yearly highs as the Treasury curve has also backed off yearly highs. When we resume regular publication on January 7th, I’ll have the December Trade Summary for us to review.



Kevin A. Smith, CFA

Director Investment Product Strategies

Vining Sparks IBG, LP

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