Bond giant Pimco sees upside in the estimated $9 trillion agency mortgage-bond market as the Federal Reserve begins thinking about when to stop shrinking its balance sheet.
Mike Cudzil, a fixed-income portfolio manager at Pimco, expects a more favorable backdrop for mortgage bonds to take shape this year, especially if the Fed cuts rates and no longer lets its balance sheet decline.
Agency…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here