JPMorgan's Cash Strategy Outperforms Bank of America's During Pandemic on Nostr: US Banks Turn to Collateralized Mortgage Obligations to Retain Deposits Amid Rising ...
US Banks Turn to Collateralized Mortgage Obligations to Retain Deposits Amid Rising Office Delinquencies
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#14624f0b ver:0.34
US banks are turning to collateralized mortgage obligations (CMOs) to retain deposits amid rising office delinquencies. $25 billion in new CMO sales in April, the highest in three years, show the demand. Banks are reducing longer-term bonds and increasing investments in shorter-term securities like CMOs, which have lower risk weights. Delinquency rate on office loans rose to 2.45% in June, driven by vacancies and interest rates. Office vacancies hit a record 20.1% in Q2. #CMOs #banking #office #delinquencies...
#newstr #UsBanks #CollateralizedMortgageObligations #Cmos #Deposits #OfficeDelinquencies #CommercialMortgagebackedSecurities #Cmbs
https://here.news/story/14624f0b?ver=0.34
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#14624f0b ver:0.34
US banks are turning to collateralized mortgage obligations (CMOs) to retain deposits amid rising office delinquencies. $25 billion in new CMO sales in April, the highest in three years, show the demand. Banks are reducing longer-term bonds and increasing investments in shorter-term securities like CMOs, which have lower risk weights. Delinquency rate on office loans rose to 2.45% in June, driven by vacancies and interest rates. Office vacancies hit a record 20.1% in Q2. #CMOs #banking #office #delinquencies...
#newstr #UsBanks #CollateralizedMortgageObligations #Cmos #Deposits #OfficeDelinquencies #CommercialMortgagebackedSecurities #Cmbs
https://here.news/story/14624f0b?ver=0.34