Wall Street Webcasting Presents Wells Fargo Securities: Mortgages versus Other Spread Sectors

Wall Street Webcasting Presents Wells Fargo Securities: Mortgages versus Other Spread Sectors

NEW YORK--(BUSINESS WIRE)-- Wall Street Webcasting presents exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC). This week Gordon discusses bonds, the S&P, and mortgage spreads.

Bonds moved lower the whole month of May, because they were priced at unsustainable levels. The S&P also had an interesting May. From mid-November to mid-April the S&P went up about 200 points, and then it gained an additional 130 points from mid-April to mid-May. The pace of that trend was unsustainable and started reversing the last week of May, but the stock markets bull run doesn't seem in danger of ending.


Unfortunately, there has been a widening in mortgage spreads and Gordon believes this will continue. Gordon points out that "In the MBS sector collateral has generally under preformed structure."

To hear a deeper explanation of what is happening in the MBS sector, as well as some advice for investors, tune into Wells Fargo Securities' newest video.

Please visit the following link to view the video:

http://www.wsw.com/webcast/wav/



Wall Street Webcasting
Tracy Lewin, 201-683-2100

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Wall Street Webcasting Presents Wells Fargo Securities: Mortgages versus Other Spread Sectors originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.