“Agency Debt – A Good Alternative For Some Treasuries”: Morgan StanleyMani
Agency debt can be a compelling alternative proposition for some Treasuries in a high quality fixed income portfolio, though the decision hinges on investor’s desire to sell convexity and liquidity, notes Morgan Stanley. In their September 26 research piece titled “The Debenture Code,” Jay F Bacow and team delve deep into the agency debenture market to explore issuance and valuation.
Outstanding agency debt stands at about $2.1 trillion
Bacow and colleagues highlight that agency debt or debentures are issued . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible