CMO Market Update

September 10, 2018

I’ve got a couple things for you this week. First, for anyone who missed it last week, I’ve included the August Trade Summary below. Lastly, I’ve included “Structure Highlights” so you can compare and contrast bonds similar to those we saw customer interest in last week.

For the month of August, investors continued to favor fixed-rate CMOs, so much so that the percentage of trades representing floating-rate CMOs in August was 0%.

The average fixed-rate CMO Vining Sparks traded in August yielded 3.10% and had a WAL of 3.7.

As always, I like to hear from my readers. It’s great when you guys let me know what you find helpful (or not) and if you want to see something custom offline.

Kevin A. Smith, CFA

Manager, Strategic Analytics

Vining-Sparks IBG LP

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