US Treasury spreads have barely tightened since the Fed began easing in September, challenging previous cyclical patterns.

This is called "negative convexity" and leaves investors with lower portfolio duration than their benchmark. While 64% of outstanding mortgages are locked into interest rates below 4%, about 16% have ...

JP Morgan brought innovation to the prime jumbo RMBS market on Wednesday as it announced the first deal from the asset class ...

This is called "negative convexity" and leaves investors with lower portfolio duration than their benchmark. While 64% of outstanding mortgages are locked into interest rates below 4%, about 16% ...

The worst sell-off of 2025 (so far) came on April 3, with the Dow Jones Industrial Average dropping 3.98%, the S&P 500 down 4 ...

As of December 2024, the portfolio featured 53% of assets in agency mortgage-backed pass-throughs, which can have longer durations and more negative convexity (a measure of a bond’s duration ...