MBS Opportunities Amid Quiet Housing Market

June 2, 2025 — The US housing market remains in a state of inertia. Despite the arrival of the spring selling season, both new and existing home sales continue to underwhelm. In April, existing home sales fell to an annualized pace of 4 million units — down 2% from a year earlier and well below the pre-pandemic average of over 5 million. New home sales, while slightly more resilient, have also plateaued as affordability pressures mount.

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Fixed Income

Refreshing the Fed’s Policy Framework

May 19, 2025 -- Federal Reserve Chair Jerome Powell delivered the opening remarks at last week’s Thomas Laubach Research Conference, focusing on the Federal Open Market...

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Fixed Income

Inflation Expectations Hold Firm Amid Tariff Noise

May 13, 2025 -- Despite the announcement of new tariffs, long-term inflation expectations—as measured by the 5y5y inflation rate—have remained stable. This rate, which...

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Fixed Income

The Two-Faced Economy: Strong Data Amid Shaky Sentiment

May 6, 2025 -- The current geopolitical climate has injected an extra dose of unpredictability for economic participants, as investment and consumption decisions for everyone...

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