Trade Matrix: Merrill Lynch -- MBS

May 02, 2003, 12:00 a.m. EDT 1 Min Read

Recommends taking profits in IO trades. Two weeks previous analysts addressed three issues in the IO market. These are: that IOs outright had cheapened and looked attractive, that synthetic premium trades were likewise attractive, and that within the higher coupon IOs analysts preferred owning 328s over 332s and 321s. Over the past two weeks or so, all of these trades have performed well and the analysts recommend taking profits.

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TRENDING

Securitization

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Mortgage rates rise on weak economic news

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MORE FROM ASSET SECURITIZATION REPORT

Securitization

Chase Auto Owner Trust prepares to sell $1.2 billion in notes

Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.

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Originations

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Securitization

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Politics and policy

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Securitization

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Regulation and compliance

'Through the looking glass': Jamie Dimon sounds off on regulatory burden

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