Executive Summary
This report provides detailed information from North American-based fixed-income investors investing in agency CMOs, including helpful benchmark data such as:
- Trading volume by type of investors
- Trading volume: new-issue vs. secondary
- Concentration of business
- Most important factors driving business to dealer
This report provides detailed information on agency CMOs according to buy-side firms located in North America investing in U.S. fixed income. Research is based on in-person and telephone interviews with 63 agency CMO investors in the 2018 Study. The data in this report is based upon aggregated results from individuals participating in the study.