Mortgage-Backed Single-Family Bonds a Haven From Rate Risk

Fine, Jacob
May 2004
Bond Buyer;5/12/2004, Vol. 348 Issue 31882, p6
Trade Publication
Reports on the performance of single-family housing bonds backed by mortgage payments from homebuyers in the U.S. Yields offered by the housing bonds to compensate investors for the risk that the bonds will be called early due to mortgage prepayments or refinancing; Anticipation of counseled municipal bond mutual fund managers for rising interest rates to overweight housing bonds relative to the municipal bond index of Lehman Brothers Inc; Strength of the credit characteristics of single-family housing bonds.


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