This $700 billion insurance product is powering the US credit market rally
Over the next two years, annuity sales could total as much as $693 billion
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Over the next two years, annuity sales could total as much as $693 billion
An insurance product that consumers use to help fund their retirements is selling at record levels, powering demand for corporate debt and commercial mortgage bonds. Last year, sales of annuities, which allow consumers to effectively buy income for the rest of their lives, reached an all-time record high of $385…
The MBS market is shifting. On the demand side, investor profiles will likely change. Meanwhile, supply is expected to decline.
The investor segment will have to be mindful as it gains ground, executives said Tuesday, noting that the sector takes experience, skill and savvy awareness of risks.
Treasury yields rose on Friday, and the stock market was in the black after the latest employment report came in better than expected.