Mtge non agency stake added to at record low prices for 2013
Prices of non agency fell as much as 22 percent on some notes in June due to fears the federal reserve might withdraw stimulus hurting housings recovery. Mtge is believed to have added 340m of non agency paper according to a Rumor from a Thomas Reuters trading desk sometime around June 18 and 19 and again on the 27th.
Mtge was an also an "aggressive seller of agency mbs throughout May and June" and " that's probably where they got the capital to make some or their non agency purchases - from the deleveraged equity capital freed up from the agency sales"
Oh I'm sure hybrids are doing better than agency only xx, I hear a lot of chatter these days from traders - I need to spend less time at the computer and enjoy summer. Thought I'd post some things traders have been saying. This board is pretty dead - doubt many people come here.