Market on cusp of large RMBS sale

05/23/2013 | Wall Street Journal, The

An $8.7 billion listing of residential mortgage-backed securities is being circulated ahead of a sale next week, one of the biggest nongovernmental bond sales since the financial crisis. Despite strength in the nonagency mortgage bond market, some analysts worry about the size of the offer. "As deep as the bid has been, seeing close to $9 billion in a short time period is still a lot to digest," said Bryan Whalen of TCW Group.

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Wall Street Journal, The

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