This document is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt research reports prepared for retail investors.
Wednesday, February 15, 2023, 3:00 pm EST
The FHLBanks in the last year have returned full strength to their role as lender, investor, borrower and risk manager. And that is setting parts of the debt markets in motion. Banks’ marginal cost of funds, spreads in agency MBS and CMBS, supply in the agency debt markets and flows in swaps and options are seeing the impact of FHLBank activity. Join SCIB strategists and traders to connect the dots between these different markets.
Tom O’Hara, CFA, SCIB US Banking Strategy
Mark Steinacker, SCIB US Agency Debt Trading
Kevin Dong, SCIB US Agency MBS Trading
SCIB US Strategy Team
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