Fannie 5.5 Butterfly Pushed

Investors in agency mortgage-backed securities should go long Fannie Mae 5.5s but short on coupons on either side of that, according to Morgan Stanley analysts.

  • 19 Nov 2010

--Amelia Granger

Investors in agency mortgage-backed securities should go long Fannie Mae 5.5s but short on coupons on either side of that, according to Morgan Stanley analysts. “The potential risks of owning 6s at these high [dollar] prices outweigh the benefits,” analysts wrote in a note out today. “We ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%