Buckle up

Market Analysis

On our desk we trade many types of structured mortgage-related derivatives, right up to the risk transfer of whole loan portfolios using derivatives. Consequently, our market exposures, interests and risks are similar to those of mortgage-lending professionals. I hope the observations in this article will prove to be a useful analysis of recent movements in the sterling interest rate markets.

The past two months have seen continued turbulent times in all markets. Equity markets have tumbled aroun