TITLE

Shifting Bond Market Forcing Banks to Rethink Securities Strategies

AUTHOR(S)
Peters, Andy
PUB. DATE
June 2013
SOURCE
American Banker;6/ 6/2013, Vol. 178 Issue 87, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the bond market and the U.S. community banking industry as of June 6, 2013. The article notes some banks are selling their fixed-rate mortgage-backed securities after market observers said the bond market's rally is over and in light of the likelihood that interest rates will rise. It also notes Palmetto Bancshares adjusted its securities portfolio by investing in variable-rate mortgage securities and adding amortization periods for some loans.
ACCESSION #
88043392

 

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