Original article by Cordilia James
Jake Remley, senior portfolio manager at Income Research + Management, provided insights to The Real Deal on the state of the Federal Reserve’s mortgage bond-buying program, instituted in the early stages of the Covid-19 pandemic. With the housing market booming and lending rates low, Jake suggested that the U.S. central bank curtail its MBS buying and instead invest in Treasuries to curb inflation.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
