Agency securities feel impact of Fed policy
For both agency securities and non-agency issues, the Fed’s bond-purchasing programs have had a major effect on prices and spreads.
Author: Michael V. Salm, Co-Head of Fixed Income, and Brett S. Kozlowski, CFA
Housing recovery builds on a new foundation
Although some areas of the real estate market still have weaknesses, a number of factors are coming together to support the recovery in the housing market.