A $430 Billion Mortgage-Bond Market Shrugs Off the Trump Effect
ByDonald Trump may have frightened off global bond investors, but the world’s largest mortgage-backed covered-bond market is shrugging off the specter of a real estate mogul with big spending plans running the U.S.
Yields on short-term bonds in Denmark’s $430 billion mortgage bond market fell close to record lows in quarterly refinancing auctions that ended last week. That means investors will continue to pay some households to borrow, excluding fees.
Christian Heinig, chief economist at the mortgage unit of Danske Bank says monetary policy is still more important for bond investors than whatever Trump might do in the White House…
A $430 Billion Mortgage-Bond Market Shrugs Off the Trump Effect