Despite coming to market at what has traditionally been a quieter time of the year, the recent spate of government-backed securitizations to hit the market have found a healthy buyside appetite.

"In general, these deals have been very well subscribed by real-money accounts due to their high credit quality and yields that are generally a little bit wider than where similar agency (FHLMC Golds/FNMA) CMOs would trade," said Scott Buchta, head of investment strategy at Braver Stern Securities.

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