Analysts: Mortgage REITs' sales may have contributed to mortgage bond market volatility

07/11/2013 | Bloomberg · Barron's (free content)

Analysts from JPMorgan Chase and other firms speculate that sales of government-backed mortgage securities by mortgage REITs last month may have contributed to the underperformance and volatility of the mortgage bond market in June. Mortgage REITs were among the holders of the securities who reduced their positions during the month as mortgage interest rates rose and bond prices fell.

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Bloomberg · Barron's (free content)

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