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

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 ...

June 2024’s 5.7-year portfolio duration was slightly above its normal band yet has remained range bound over time, owing to better portfolio convexity versus other mortgage-focused rivals.