The outperformance of mortgage-backed securities versus U.S. Treasuries has extended for a third straight month into November, buoyed in part by a decline in volatility. It’s now the longest run of consecutive monthly outperformance since the September through December period of 2017.
The Wall Street Journal looks at how the move away from LIBOR might impact regional banks. Los Angeles could limit the ability of real estate developers to make campaign contributions if they are seeking project approvals, reports Los Angeles Times. These are among today’s must reads from around the commercial real estate industry.
