RBS Duo Traces Expected Trading Trends

Issuance of National Credit Union Administration notes will continue to depress spreads on agency residential mortgage-backed securities, but collateralized loan obligations and commercial mortgage-backed securities provide bright spots for traders, Scott Eichel and David Cannon, global co-heads of mortgage and asset-backed trading at the Royal Bank of Scotland, said in a recent interview with TS Senior Reporter Daniel O'Leary.