Remote Workers Beef Up OTM Speeds & Norway Flirts with Convexity

Podcast: Baird Fixed Income Insights: Convexity Pulse · Kirill Krylov

Opublikowano: 2026-09-21

In this week’s Convexity Pulse, Kirill Krylov and Steven Scheerer discuss growing dispersion beneath the agency MBS basis, including why structurally limited supply is strengthening the relative-value case for 15-year mortgages versus 30-years. They examine Norges Bank’s proposal to add agency MBS to Norway’s sovereign wealth fund benchmark and why the broader implication may extend well beyond the potential near-term demand. The episode also explores whether remote work is an overlooked driver of housing turnover, as Federal Reserve research showing greater mobility among remote workers raises new questions about lock-in, geography, and prepayment behavior in deeply out-of...