Spread Likely to Remain Tight Across MBS Market; 15-Year Securities May Benefit From Environment
January 16, 2004
Mortgage market investors can expect further tightening across spread products this year due to robust demand on the one hand and declining issuance on the other. According to a new report by Credit Suisse First Boston on 2004 mortgage market strategies, strong company-specific performance continues to support the credit markets, while declining prepayment speeds and continued weakness in commercial and industrial