Posted To: MBS Commentary
From yesterday’s first reprice alert on MBS Live at 9:34am ET: “There is also the ongoing theme of corporate bond issuance. Several more deals have been announced this morning, both at home and abroad. Additionally, investors expect issuance to remain active ahead of next week’s Fed Announcement.” New information is coming to light today that confirms just how much of a factor this may have been yesterday. We’re now learning that investors have put down bids totaling more than $70bln for just ONE of this week’s big corporate bonds (AT&T). That doesn’t mean the bond itself will be $70bln. In fact, it probably won’t even be more than $20bln, but the level of investor demand for yield speaks volumes about the willingness to sell things like MBS and Treasuries…(read more)
Via:: MBS MID-DAY: Huge Corporate Bond Numbers Help Explain Our Predicament
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