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FPA New Income 2Q13 commentary

FPA New Income 2Q13 commentary

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Published by ValueWalk.com
As a result of the slowing single family mortgage prepayment expectations resulting from rising mortgage rates during the quarter and the purchases above, the characteristics of the portfolio changed with both the effective duration and the yield-to worst increasing.
As a result of the slowing single family mortgage prepayment expectations resulting from rising mortgage rates during the quarter and the purchases above, the characteristics of the portfolio changed with both the effective duration and the yield-to worst increasing.

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Categories:Business/Law
Published by: ValueWalk.com on Jul 29, 2013
Copyright:Attribution Non-commercial

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11/22/2013

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