Market Perspectives

RMBS securities are often attractive for several structural reasons. First, many “next generation” deal structures – bonds issued in the last few years – are designed to deliver quickly as …

Rising intermediate/long Treasury yields continue to dominate market news – the Fed is committed to keeping the front end close to zero, which is anchoring the 2-year Treasury, but seems …

Housing has continued to be a pillar of the U.S. economy, far outperforming expectations throughout 2020, with impressive and growing demand for shelter. The strong demand for housing combined with …

The Non-Agency Mortgage-Backed Securities (RMBS) Sector is well positioned for strong performance moving into 2021 and Semper believes it offers both an extremely attractive absolute and relative value opportunity compared …

As discussed in our 2018 year-end letter, the US bond market’s tone and tenor changed dramatically since last October when 10-year Treasury rates briefly hit a high of 3.25% and …

What a difference a year makes. As we closed out 2017, we discussed all-time highs in stock market indices, all time lows in stock market volatility, and persistently low long-term …

In May 2017, Semper contended that there are many compelling reasons to focus on the CRT market, offering investors an opportunity to achieve attractive risk-adjusted returns while accessing various parts …

All-time highs in stock market indices, all-time lows in stock market volatility, and persistently low long-term interest rates characterized a market that expects a business-friendly Trump administration and a continued …

Semper believes that the Credit Risk Transfer (CRT) market continues to be a compelling investment vehicle that offers RMBS investors an opportunity to achieve attractive risk-adjusted returns, while accessing various …

The past year has been characterized by growing concerns with regard to the near term path for interest rates and continued uncertainty regarding the Federal Reserve’s stance on monetary policy …