Tight Securities Spreads Are an Ongoing Concern To Investors, And They May Not Improve Much
June 9, 2006
Mortgage securities investors are facing ever-tightening spreads, though some investors admit that widening margins could also signal unfavorable trends in the market. At the American Securitization Form’s annual meeting this week in New York, Robert Flowers, managing director of hedge fund D.B. Zwirn & Co., captured the sentiment of many. “Arguably, there’s almost nothing of value to invest in out there,” Flowers said. …