The Next Big Trade for Bond Investors Is Betting on U.S. Homeowners

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One of the best bail trades of 2018 might be one of the crest from this year: bet that U.S. homeowners won’t default on their mortgages. Money administrators piled into relatively recent Fannie Mae and Freddie Mac ligaments known as “credit risk transfer” insurances in 2017 in part because they are moving frequency, a boon […]