Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast. In this ...

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 ...

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 mortgage market may be on the brink of major transformation amid freshly implemented tariffs, proposed deregulation, and the potential privatization of Fannie Mae and Freddie Mac. In this episode ...

The pronounced negative convexity of MBS did not help either, in 2022-23, since duration of a bond with negative convexity [2] increases as rates rise. Thus, MBS duration increased as interest ...