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3min chapter
Kathy Jones: The Bull Case For Bonds, And The Need For “Caution” on Private Credit & Leveraged Loans
Forward Guidance
The State of Mortgage-Backed Securities and the Need for Caution
This chapter discusses the cheapness of mortgage-backed securities relative to investment-grade spreads, cautioning investors about the importance of careful consideration due to convexity and liquidity issues, as well as the uncertainty of prepayment estimates and market pricing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode