Mortgage Bond Rally Falters as Nykredit Bets Turn

Mortgage Bond Rally Falters as Nykredit Bets Turn

Ulrik Jantzen/Bloomberg

A logo sits outside the headquarters of Nykredit A/S in Copenhagen. Nykredit said yesterday profit after tax in 2012 more than doubled to 2.6 billion kroner ($477 million) after returns on its mortgage bonds surged.