Savvy Bets in MBS Pay Off for Bear

Sargent, Carolyn
January 2005
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p11
Trade Publication
This article discusses savvy bets in mortgage-backed securities (MBS). As rising interest rates dampened refinancing activity, overall MBS issuance fell by 20 per cent to $730.5 billion in 2004. Bear Stearns saw its volume drop, too, but only by half the industry average. With $90 billion in issuance, Bear took a wide lead over number two-ranked UBS, which underwrote $79.4 billion, according to Thomson Financial. Bear increased its market share significantly, as well, to 12.3 per cent from 11 per cent.


Related Articles

  • Offset onset. Newman, Amanda // Money Marketing;9/28/2006, p66 

    The article focuses on the importance of offset mortgages in Great Britain. Offset mortgages are flexible deals which allow lenders to connect their mortgage to their savings and current accounts but it is expensive than mainstream mortgages. Likewise, lenders said that as interest rates on...

  • Merrill Goes After DB Rates Team. Freed, Dan // Investment Dealers' Digest;6/11/2007, Vol. 73 Issue 23, p7 

    The article provides information on the development surrounding Deutsche Bank AG. It has been noted that the bank does not disclose the revenue contribution of its interest rate derivatives business. Furthermore, derivatives linked to interest rate products had a nominal value of $285.7 trillion...

  • Industry Groups Seek Changes To Treasury's Arbitrage Protocol. Ackerman, Andrew // Bond Buyer;1/7/2008, Vol. 363 Issue 32789, p4 

    The article reports on the changes sought by industry groups on the U.S. Treasury Department's arbitrage regulations in the U.S. The regulations include a two-pronged test to determine whether the floating rate on certain interest rate swaps and the variable rate on their underlying bond are...

  • The Interest Rate Component of Systematic Risk. Gordon, D. A.; Gordon, M. J.; Gould, L. I. // Journal of Accounting, Auditing & Finance;Fall90, Vol. 5 Issue 4, p573 

    Changes in the long-term interest rate would seem to be an important source of systematic risk for common shares, but the empirical results to date have been very disappointing. For the most part these results have been obtained with a model where an interest rate variable, say the holding...

  • Estimating the term structure of interest rates using penalized splines. Krivobokova, Tatyana; Kauermann, Göran; Archontakis, Theofanis // Statistical Papers;Jun2006, Vol. 47 Issue 3, p443 

    We analyse the term structure of interest rates extracted from US Treasury STRIPS data. There is a potential interest from a scientific and economic point of view to look at short and long term bonds simultaneously. In terms of modelling this means to look at smooth functions over time...

  • Indivisible labor implies chaos. Kamihigashi, Takashi // Economic Theory;2000, Vol. 15 Issue 3, p585 

    We study a simple infinite horizon model with indivisible labor. We characterize the optimal plans under the assumptions that beta R = 1 and that 1/2 ≤ beta < 1, where R is the gross interest rate and beta is the discount factor. We show that under those assumptions, optimal plans are...

  • Roundup: Downgrades and Ratings Watches for Several MBS Pools.  // National Mortgage News;9/13/2004, Vol. 28 Issue 50, p19 

    This article reports that four classes of notes issued by MKP CBO I Ltd., and supported in par by residential and commercial mortgage backed securities, have been downgraded by Fitch Ratings Inc. "The rating actions are a result of deterioration in the credit quality of MKP CBO's collateral pool...

  • The Interest Rate Component of Systematic Risk.  // Journal of Accounting, Auditing & Finance;Fall90, Vol. 5 Issue 4, p589 

    This article examines the interest rate component of systematic risk. Changes in the long-term interest rate would seem to be an important source of systematic risk for a share of stock, but the empirical results to date with respect to industrial stocks have provided little support for this...

  • Are Real Interest Rates of EU Accession Countries Characterized by Non-Linear Convergence? Holmes, Mark J.; Ping Wang // Research in Applied Economics;2009, Vol. 1 Issue 1, p1 

    In this study, we concurrently test for nonlinearity (threshold) effects and non-stationarity (unit roots) in real interest rate differentials. Using data for the ten accession countries that joined the EU in 2004, we find evidence of strong nonlinear effects. Long-run real interest rate parity...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics