Pimco Sees Taper in Worst MBS Slump Since 1999: Credit Markets

U.S. government-backed mortgage bonds are heading toward their longest monthly slump since 1999 as concern mounts that the Federal Reserve will begin paring its debt purchases even as the steepest rise in home-loan rates in at least 40 years slows the housing rebound.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.