CMO Market Update

March 11, 2019

CMO spreads to Treasurys widened 2bps last week. In the 5-10 year space, spreads remain at their widest levels since 2018.

In terms of activity, we saw steady one-way flow with customer investing outpacing customer selling. Front Sequentials with a roughly 3-5 year average life in the base case continue to generate interest.


In case you missed it last week, the February Trade Summary is below:

February Trade Summary

Travis Nauert, CFA

Analyst, Investment Strategies

Vining Sparks IBG, LP

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