Markit Launches TRS Index To Play Resi Mortgage Mart March 11, 2010

--Katy Burne
Markit will tomorrow launch a synthetic total return swap index in North America referencing the interest-only component of 30-year fixed-rate, un-securitized residential mortgages.
Each series of the so-called Markit IOS index will feature 1,500-4,000 pools of 2009 vintage Fannie Mae mortgages, according to Ned Lipes, v.p. in structured finance in New York. Other government-sponsored enterprises are under consideration, he added. The index will consist of three sub-indices, each referencing ...

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