Positive MBS momentum from R&W settlement trades
Optionality on exposure to anticipated payouts from representation and warranty settlement trades boosts legacy non-agency MBS markets
The securitised markets have come a long way from the seismic destruction in the financial crisis of 2008. Over the past several years, funds investing in asset-backed securities (ABS) and mortgage-backed securities (MBS) strategies have seen some of the best performance as distressed asset prices rebounded forcefully. Still, a familiar question we hear from investors, including those who have participated in the recovery rally, is "Now that we are well along the road, how do you make money
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