High grade MBS

[brewer12345]

I know the MBS market has gotten killed, and high grade AAA paper backed by prime jumbo mortgages is going for cheap. Anyone know of a way for retail schmoes to buy this stuff?

[twaddle]

Jumbo means non-agency issued, right? I don't think any of my brokerage accounts give me access.

[brewer12345]

Correct, Jumbo = non-agency

[Texas Proud]

Quote:

Originally Posted by brewer12345 I know the MBS market has gotten killed, and high grade AAA paper backed by prime jumbo mortgages is going for cheap. Anyone know of a way for retail schmoes to buy this stuff?

When I was a trustee, there was not a single issue that I was responsible for that the bonds did not start at $1 mill for MBS... I did have a few car insurance and other receivables that were $100 thou...

I doubt the retail class can get in them without some fund.