InsuranceAUM.com

Episode 166: Opportunities in Securitized


Listen Later

In this episode, we dive deep into the securitized markets with Dmitri Rabin, Head of Securitized at Jennison Associates. Dmitri provides an insightful overview of how the agency MBS market has performed year to date following a tough 2022, discussing how rising interest rates, extension risk, and volatility have impacted the market. He highlights the current opportunities within the mortgage market, where valuations and spreads offer potential for investors—particularly in the extended, lower-coupon bonds. Dmitri also shares his perspective on key sectors like ABS and why Jennison favors high-quality, liquid securities that still offer attractive spreads. His analysis is grounded in long-term investment principles that fit well with insurance companies' needs for both yield and liquidity.


We also explore broader market trends such as the challenges in commercial real estate and its implications for CMBS and banks, and we discuss why Jennison takes a cautious approach toward CLOs. Dmitri breaks down how careful security selection, liquidity management, and collaboration within Jennison’s credit and rates teams drive success in securitized products. His experience and thoughtful approach to managing risk while seeking opportunity provide listeners with valuable insights into navigating today's complex fixed-income landscape.

...more
View all episodesView all episodes
Download on the App Store

InsuranceAUM.comBy Stewart Foley

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

26 ratings


More shows like InsuranceAUM.com

View all
Exchanges by Goldman Sachs

Exchanges

992 Listeners

Odd Lots by Bloomberg

Odd Lots

1,789 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

938 Listeners

Hidden Forces by Demetri Kofinas

Hidden Forces

1,439 Listeners

Grant’s Current Yield Podcast by Grant's Interest Rate Observer

Grant’s Current Yield Podcast

665 Listeners

Hedgeye Podcasts by Hedgeye Risk Management

Hedgeye Podcasts

197 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

804 Listeners

At Any Rate by J.P. Morgan Global Research

At Any Rate

80 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

416 Listeners

The Business Brew by Bill Brewster

The Business Brew

246 Listeners

FICC Focus by Bloomberg Intelligence

FICC Focus

27 Listeners

Forward Guidance by Blockworks

Forward Guidance

277 Listeners

The View From Apollo by Torsten Slok

The View From Apollo

24 Listeners

The Credit Edge by Bloomberg Intelligence by Bloomberg

The Credit Edge by Bloomberg Intelligence

26 Listeners

The Insight by Oaktree Capital by Oaktree Capital

The Insight by Oaktree Capital

23 Listeners