CMO Market Update

September 17, 2018



This week we will focus on structure highlights so you can compare and contrast bonds similar to those we saw customer interest in last week. As usual (always?), we continue to see interest in front cashflow sequential structures (Highlights 1 and 2). Also, VADM structures remain very popular as they continue to look relatively valuable on a spread basis (Highlights 3 and 4). Lastly, if you missed the “August Trade Summary Analytics”, it is available here.

 

Structure Highlights

 

Educational Opportunities

9-18 (Tomorrow) Banks: Mortgage Market with a Focus on CMOs

9-20 (Thursday) Credit Unions: Mortgage Market with a Focus on CMOs

 

I appreciate when you guys email and let me know what you find more or less helpful. Also, I’m an email away if you want to see something custom offline, for example you have a grouping of bonds you would like to compare in the same format below.





Kevin A. Smith, CFA

Manager, Strategic Analytics

Vining-Sparks IBG LP

ksmith@viningsparks.com

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