Pension Fund Blues! Agency MBS Prices And Mortgage REITs Declining As Fed Withdraws Monetary Stimulypto (Duration Risk Increasing)

by confoundedinterest17 Pension funds have long been investing in “safe” agency mortgage-backed securities. But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising. I remember showing my Fixed-income class at Chicago and …

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Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

by Boo_Randy https://www.abc.net.au/news/2022-10-03/property-prices-corelogic-rents-september-2022/101495078 Property prices are continuing to fall nationally as interest rates hit, with key capital city housing markets diving up to 6 per cent in the last three months alone. CoreLogic data shows that in September properties were sold …

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Firewood prices skyrocket in Germany

Prices for firewood and wood pellets in Germany spiraled 85.7% in August compared to the same month last year, the Federal Statistical Office (Destatis) reported on Thursday. The figures show that firewood costs were growing much faster than consumer prices …

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House prices plummet across New Zealand

https://www.macrobusiness.com.au/2022/09/house-prices-plummet-across-new-zealand/ This month has been an absolute shocker for New Zealand’s housing market. Last week, QV released its house price index for August, with values nationally plunging 5.5% over the quarter. Then the REINZ House Price Index suffered its largest six month decline since …

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