CMO issuance drops off a cliff in June as rising US rates bite
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CMO issuance drops off a cliff in June as rising US rates bite

Alexander Saeedy
July 06, 2018 08:00 PM
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According to Wells Fargo, monthly CMO issuance in June dropped to $8.9bn, representing roughly a $11bn decline versus May. The decline has been broad based, with fixed-rate pass through agency CMOs declining to $800m versus $3bn in May.

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Alexander Saeedy
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