Archive for July, 2017

Only Perfect Hedge Is In a Japanese Garden

Tuesday, July 18th, 2017

This is an interesting piece from Robert Sinche at Amherst Pierpont on the changing relationship between US 10 year and Eurpean govies on a hedged basis. The US is looking less attractive.   Via Robert Sinche at Amherst Pierpont Securities: One of the persistent sources of support for US Treasury debt, particularly at ...

Delinquent CMBS Creeping Higher

Monday, July 17th, 2017

Via Bloomberg: CMBS Monthly Late-Pays Spike Most in Six Years, Still Low: Fitch 2017-07-17 15:49:57.920 GMT By Adam Tempkin (Bloomberg) -- U.S. CMBS loan delinquencies increased 22bps to 3.72% in June from 3.50% a month earlier, the largest month- over-month spike in six years, Fitch said in a statement. * This represented largest monthly increase in delinquencies since ...