Banks ARMed with new index forwards

Dealers have developed a family of forward contracts referencing the US adjustable rate mortgage (ARM) market. The instruments offer exposure to a new family of indices on agency hybrid ARMs, called Hybrix. The indices start trading on March 1.

"This is the first time in the history of the ARM market that you can short ARMs. So, for those investors who want to hedge their books and for those who have a negative view on the ARM market, you now have the ability to express that view," says Sami

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here