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 Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%