Markit plans to launch an MBX agency mortgage bond index on Sept. 12. The new Index offers investors exposure to both interest-only swaps and principle-only cash flows.

The standardized, combined exposure of the MBX index will provide a more accurate pricing point for the entire passthrough structure. It also reduces the independent amounts required for the same type of exposure through an IOS/PO combination, a spokesperson at Markit said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.