Showing 1 - 10 of 11,737
Persistent link: https://www.econbiz.de/10011399491
Persistent link: https://www.econbiz.de/10011301095
Persistent link: https://www.econbiz.de/10010469910
Persistent link: https://www.econbiz.de/10010433528
We conduct an empirical analysis of the Federal Reserve's large-scale asset purchases (LSAPs) on MBS yields and mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more than what would have been suggested by changes in market...
Persistent link: https://www.econbiz.de/10013059311
Measured as yield spreads against AAA corporate bonds, the convenience premium of agency MBS averages 47 basis points over 1995 - 2021, about half of the long-term-Treasury convenience premium. Both MBS convenience premium and issuance amount depend on mortgage rate negatively, consistent with a...
Persistent link: https://www.econbiz.de/10013190993
Persistent link: https://www.econbiz.de/10009655180
Persistent link: https://www.econbiz.de/10011813311
Persistent link: https://www.econbiz.de/10011776528