Free Trial

/MBS: Still speculation swirls.......>

US TSYS/STOCKS
US TSYS/STOCKS: /MBS: Still speculation swirls around the proposed House tax
plan first draft and its effect on the housing sector; some in stocks noted that
the tax plan, if it does truly cap mortgage interest deduction at $500K homes,
could spur a "wave of prepays," or prepayments of home mortgages, which could be
negative for various banks that write or service mortgages of more than $500K
homes. 
- However traders said that MBS are "steady from Wed." 
- Others noted that certain political analysts at various banks "don't think"
the House tax plan "has a chance" in current format. "In its current format, it
will not pass," said one trader. "There are a number of little things that may
not be in the Senate version."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });