These Bonds Are Cheap—and Yield 5%
- Order Reprints
- Print Article
The U.S. mortgage securities market is enormous at $8 trillion, but it gets little attention from investors. That’s a mistake because yields on mortgage securities, now in the 4.5%-to-5.5% range, are unusually appealing relative to U.S. Treasuries, and carry little or no credit risk.
Already a subscriber? Sign In