Sector Update

December 30, 2019



The Sector Update publication is abbreviated today due to the New Year holiday. Individual sector reviews will return on January 6th. If there is anything we can do for you in the interim, please do not hesitate to reach out.


Food for Thought


We have written recently that mortgage spreads look comparatively wide. By our measurements, that still appears to be the case. Please consider the chart below.



Weekly Spread Commentary



What We’re Reading


Vining Sparks:

Market Today | Daily

Weekly Recap | Weekly, Friday

Brokered Deposit Rate Indications | Weekly, Monday

Investment Alternatives Matrix | Weekly, Tuesday

MBS Prepay Commentary (December) | Monthly, 5th business day

SBA Prepay Commentary (December) | Monthly, 10th business day


WSJ: Mortgage Bonds Attract Investors in Low-Yield World

“Some debt investors are taking a second look at mortgage bonds after a summer slump pushed yields on the securities to their highest levels in years relative to U.S. Treasurys.”


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