Yikes! Another Debt-Ceiling Concern

Yikes! Another Debt-Ceiling Concern
Don’t forget about the Fed
Read more on The Atlantic

Europe Swaps Diverge From U.S. as Default Concern Spreads: Credit Markets

Europe Swaps Diverge From U.S. as Default Concern Spreads: Credit Markets
The cost of insuring company bonds in Europe against default is the highest relative to the U.S. since May as concern rises that the euro-region’s most indebted governments may need a bailout, further damaging the economy.
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Mortgage Bonds Slump in U.S. as Policy Concern Trumps Analysis

Mortgage Bonds Slump in U.S. as Policy Concern Trumps Analysis
Securities guaranteed by government-supported Fannie Mae , Freddie Mac or federal agency Ginnie Mae returned 54 basis points, or 0.54 percentage point, less than U.S. debt this month, Barclays Capital index data show. It’s the worst relative performance since November 2008.
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Mortgage Bonds Slumping Amid Concern of `Mega-Refi’ Wave: Credit Markets

Mortgage Bonds Slumping Amid Concern of `Mega-Refi’ Wave: Credit Markets
Government-backed mortgage bonds are underperforming Treasuries by the most this year, after reaching record high prices, amid concern refinancing will accelerate.
Read more on Bloomberg