Legacy non-agency RMBS widens on big sales

Legacy non-agency RMBS spreads widened last week as some investors took advantage of new liquidity to sell legacy paper.

  • By Ryan Bolger
  • 20 Jul 2015

A series of large BWICs were sold entirely, including one totalling around $635m, according to data from Empirasign. A $1.22bn list of interest-only legacy non-agency paper was also sold in full, by a syndicate of 17 dealers.

“I think some large money managers and some hedge funds took ...

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