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For a decade, the government has owned the home loan market in the U.S.
September 6, 2018, marks the 10th anniversary of the U.S. government placing Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs) into conservatorship, where they remain. We expect there will be much commentary in the weeks ahead lamenting the failure to address this state of affairs as the last piece of unfinished business of the financial crisis.
Portfolio Manager, Liability-Driven Investment
Head of Agency MBS Portfolio Management
A brief update on what's happening in the municipal bond market.
A disciplined approach to fixed income investing in the current environment can lead to compelling long-term returns.
This year’s surge in yields is restoring value to the bond market, especially with the likelihood of a recession rising, although it remains uncertain when market momentum might turn.
All investments contain risk and may lose value. Investors should consult their investment professional prior to making an investment decision.
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