This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: •
III iIII II Down to 1% because of issues in Egypt. Week
III 1 2 and 3 Down to 0% similar reason to last week. Week 4
III III North Africa issues seem to stabilize.
Positive returns in the previous weeks; up weight to 2%. • > .:. CMBS & RMBS (Neutral)
);> Slow economic recovery reflected by macroeconomic indicators.
All-time low mortgage rates -7 excess suRP.lY.lnevitable in the short run.
Regulatory reform - Head wind of recovery .
EM ( Neutral)
Uncertainty in the developing country. i.e. turrnoil , high inflation, etc.
HY ( Positive)
Companies focus on balance sheet repair.
Fundamentals backed by the strong earnings .
Viewed only as a tool of hedging the risk .
Rating Agency raised out look for Credit Card as charge-offs declined ..
Provide a good return in our portfolio with the second lowest duration . • ...
View Full Document
This note was uploaded on 09/06/2011 for the course FIN 428 taught by Professor Hood during the Fall '11 term at Iowa State.
- Fall '11