Perspectives
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Monthly Macro Monitor: December 2024
Read More- Key macroeconomic data measures released during the month were largely consistent with consensus estimates.
- As expected, the Federal Reserve cut the federal funds rate another 25 basis points at its December meeting, bringing total rate cuts to-date through this easing cycle to 100 basis points.
- In December, the interest rate curve steepened meaningfully, driven primarily by the significant increase in longer term interest rates as the market repriced to the Fed’s updated Summary of Economic Projections that showed fewer anticipated rate cuts in 2025 and 2026.
- Agency MBS spreads to benchmark rates were largely unchanged from the prior month.
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The Fed Report: July 2024
Read MoreKey highlights from the July 2024 FOMC policy update along with our insights and takeaways.
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Monthly Macro Monitor: July 2024
Read MoreA quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.
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The Earnings Extract: Q2 2024
Read MoreCommentary from our quarterly earnings call covering the macroeconomic landscape, the Agency MBS market environment, and our quarterly performance.
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Monthly Macro Monitor: June 2024
Read MoreA quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.
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The Fed Report: June 2024
Read MoreKey highlights from the June 2024 FOMC policy update along with our insights and takeaways.
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Monthly Macro Monitor: May 2024
Read MoreA quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.