Late-Cycle Investing: MBS Offer Attractive Income and Downside Protection
Brown Advisory
JUNE 19, 2019
Late-Cycle Investing: MBS Offer Attractive Income and Downside Protection. ajackson. Wed, 06/19/2019 - 09:00. With the daily stream of “7th inning” and “fourth quarter” articles about the current economic cycle, it is hard to avoid warnings in the media about the potential for a downturn and/or recession. There are some warning signs, to be sure, such as an inverted yield curve, tight labor markets, and a slowing housing market, but there are also other factors—such as modest household leverage,
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