DoubleLine Takes a Look at Agency MBS Market Heading Into 2025
Rhea-AI Summary
DoubleLine has released a new research paper analyzing the Agency mortgage-backed securities (MBS) market outlook for 2025. Portfolio Manager Kunal Patel, CFA, and Analyst Alex Shvartser authored the report titled 'Agency Mortgage-Backed Securities: Thoughts From the Trading Desk,' expressing cautious optimism about Agency MBS performance.
The authors note that Agency MBS are currently priced at attractive levels across various potential economic scenarios. The research paper provides a comprehensive review of the asset class's past performance and explores future performance possibilities under different economic conditions.
Positive
- Agency MBS are currently priced at attractive levels
- Favorable outlook for Agency MBS performance in 2025
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, DSL gained 0.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The research paper, "Agency Mortgage-Backed Securities: Thoughts From the Trading Desk," can be accessed here: https://doubleline.com/wp-content/uploads/Agency-MBS-Thoughts-from-the-Desk_January-2025.pdf.
"As 2025 begins, there are reasons to be cautiously optimistic about Agency MBS performance," Messrs. Patel and Shvartser write. "Currently, Agency MBS are priced at attractive levels in many reasonable scenarios that could take place in the broader economy."
Kunal Patel, CFA, is a Portfolio Manager on DoubleLine's Structured Products team. Mr. Patel joined DoubleLine in 2016 as a Mortgage Trader specializing in Agency RMBS and was later promoted to Portfolio Manager in 2021. Prior to DoubleLine, he worked as a Managing Director responsible for CMO and specified pool trading at Cantor Fitzgerald. Prior to that, Mr. Patel worked as a CMO, ARMs and Specified Pool Trader and Deal Structurer at Morgan Stanley, BNP Paribas and RBS Greenwich Capital. He holds a B.A. in Economics from Cornell University. Mr. Patel is a CFA® charterholder.
Alex Shvartser is an Analyst on DoubleLine's Structured Products team. Mr. Shvartser joined DoubleLine in 2020 as an Analyst on the Agency RMBS team. Prior to DoubleLine, he was with TCW as a Senior Vice President, Investment Analytics. Prior to TCW, Mr. Shvartser was a Quantitative Analyst at ICE Canyon. Prior to ICE Canyon, he was Vice President at BlackRock in the Financial Modeling Group. Mr. Shvartser holds a B.S. in Electrical Engineering from the California Institute of Technology and an M.S. in Mathematics in Finance from
About DoubleLine
DoubleLine Capital is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (813) 791-7333 or by email at info@doubleline.com. Media can reach DoubleLine by email at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2025 DoubleLine Capital LP.
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SOURCE DoubleLine
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