TheBitCast

Baird Fixed Income Insights: Convexity Pulse

Autor: Kirill Krylov

Baird's Fixed Income Portfolio Strategy & Analytics Manager, Kirill A Krylov, PhD, CFA, offers our institutional investors a weekly discussion on the most recent Agency MBS market developments. From regulatory updates and changes in government mortgage programs to convexity-enhancing specified pool features, we highlight the most relevant news for MBS investor consideration. Robert W. Baird & Co. Incorporated is providing this information to you for discussion purposes. The materials do not contemplate or relate to a future issuance of municipal securities. Baird is not recommending that you take any action, and this information is not intended to be regarded as “advice” within the mean...

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  1. Rising Delinquency and Return of REITs & GSE – Baird Fixed Income Insights: Convexity Pulse
  2. A $1.4 Billion Ticket to Better Carry – Baird Fixed Income Insights: Convexity Pulse
  3. Demographics, Defeasance, Return of ARMs, and Rocket LFICO Prepay Paradox – Baird Fixed Income Insights: Convexity Pulse
  4. Steven Took the Week Off; Kirill & MBS Market Did Not Take It Well – Baird Fixed Income Insights: Convexity Pulse
  5. Should I Stay or Should I Go? Borrowers That Already Answered – Baird Fixed Income Insights: Convexity Pulse
  6. Remote Workers Beef Up OTM Speeds & Norway Flirts with Convexity – Baird Fixed Income Insights: Convexity Pulse
  7. Race to New Conforming Loan Limit & Geography of OTM Speeds – Baird Fixed Income Insights: Convexity Pulse
  8. The Hidden Costs of Cheap With Bloomberg's Erica Adelberg – Baird Fixed Income Insights: Convexity Pulse
  9. Mixtape Side B: From Vantage to Ginnie: More Data, More Questions – Baird Fixed Income Insights: Convexity Pulse
  10. Another Manic Monday: Rethinking Low-FICO MBS Post-Vantage – Baird Fixed Income Insights: Convexity Pulse
  11. Don’t Judge a Pool by Its Label – Baird Fixed Income Insights: Convexity Pulse
  12. Not All Lock-In Comes From Rates: The Hidden Turnover Story – Baird Fixed Income Insights: Convexity Pulse
  13. Like Ogres and Onions, the Best Pools Have Layers – Baird Fixed Income Insights: Convexity Pulse
  14. Myth of Permanent Lock-In & Wine Cellar Theory of CMOs – Baird Fixed Income Insights: Convexity Pulse
  15. 3D Home Printing, Burnout, and the Future of Mortgage Supply – Baird Fixed Income Insights: Convexity Pulse
  16. Refinance Friction Zone of High DTI & Return of Convexity Hedging Monster – Baird Fixed Income Insights: Convexity Pulse
  17. Diminishing Returns of GSE Buying and an Extra Scoop of Amerihome Gelato – Baird Fixed Income Insights: Convexity Pulse
  18. Future of OTM Speeds & The New Low Loan Balance Playbook – Baird Fixed Income Insights: Convexity Pulse
  19. The Officially Unofficial 50th Show and The State of Convexity in the State of FL – Baird Fixed Income Insights: Convexity Pulse
  20. Everything’s Bigger in Texas… Including OTM Prepays – Baird Fixed Income Insights: Convexity Pulse
  21. Tactical GSEs, Banks Eye Seasoned 30s, and the Prepayment Friction from Closing Costs – Baird Fixed Income Insights: Convexity Pulse
  22. Credit Matrix Reloaded: FICO, Vantage, and the Prepayment Impact – Baird Fixed Income Insights: Convexity Pulse
  23. Vol, Performance, MBS Demand and A Look at the CCM / Two Harbors Merger – Baird Fixed Income Insights: Convexity Pulse
  24. Why Production Coupons Could Benefit & Happy B-Day to Butch Cassidy – Baird Fixed Income Insights: Convexity Pulse
  25. Bank Demand Returns, GSEs Still Anchor, and Chasing VA Waterfalls – Baird Fixed Income Insights: Convexity Pulse
  26. Regulatory Reform & Bank Demand, Stagflation & Road 2 Housing – Baird Fixed Income Insights: Convexity Pulse
  27. "Luck of the Irish" Won't Fix Housing Deficit; And "Pot of Gold" in NY/CEMA Labyrinth – Baird Fixed Income Insights: Convexity Pulse
  28. Celebrating 250 Years of Adam Smith with the Invisible Hand of PIWs – Baird Fixed Income Insights: Convexity Pulse
  29. Can GSE Flexibility Keep Spreads from Widening into Geopolitical Volatility – Baird Fixed Income Insights: Convexity Pulse
  30. K-Shape Recovery Impact on MBS, and Cash Window "Revolution" – Baird Fixed Income Insights: Convexity Pulse