Five Minute Maturity – 03/05/2021

Good morning, folks, and happy Friday! March trading factors came out yesterday afternoon, and prepayment speeds increased 3% in February for a CPR of 31.8%. Although we are down from 2020’s peak prepayment speeds, 31.8% is nothing to smile about; the underlying loans...

Five Minute Maturity – 03/03/2021

Good morning and happy hump day! Auto sales took it on the bumper yesterday! Everyone missed their auto picks by a mile and then some, as Ward’s Total Vehicle Sales for Feb. came in at 15.67 million (annualized), down almost a million units from Jan.’s 16.63 million....