Markit Launches TRS Index To Play Resi Mortgage Mart

Markit will tomorrow launch a synthetic total return swap index in North America referencing the interest-only component of 30-year fixed-rate, un-securitized residential mortgages.

  • 11 Mar 2010

--Katy Burne

Markit will tomorrow launch a synthetic total return swap index in North America referencing the interest-only component of 30-year fixed-rate, un-securitized residential mortgages.

Each series of the so-called Markit IOS index will feature 1,500-4,000 pools of 2009 vintage Fannie Mae mortgages, according to Ned Lipes, v.p. in structured ...

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4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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5 Barclays 13,499.53 45 7.13%