Markets

The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years

Mortgage-backed securities hit a three-month winning streak after outperforming US Treasuries through November,Bloomberg reported Monday. The surge was primarily driven by lower refinance rates and a drop in volatility for mortgage-backed assets. When more borrowers refinance loans with lower interest rates, the securities lose their appeal against Treasury bonds. The […]
The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years