DoubleLine’s Phil Gioia, CFA and Sam Nussbaum discuss what transpired last quarter across structured products and discuss the fundamentals and technicals of Agency mortgage-backed securities (MBS), residential and commercial real estate (CRE) credit, and asset-backed securities (ABS).
To listen to the narrative, click here. (13:10)
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The Federal Reserve (the “Fed”) continued to buy Agency mortgage-backed securities (MBS) throughout the first quarter, purchasing roughly $370 billion gross and $145 billion net. The Fed announced that after March 23 the Federal Reserve Bank of New York will no longer conduct regular operations to purchase Agency commercial mortgage-backed securities (CMBS).