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 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%