Episode Details
| Title | CDO Whisperer Brett Jefferson on Securitization Markets and TruPS CDO Relics |
|---|---|
| Date | 9/12/2024 |
| Podcast | Forward Guidance ↗ |
Key Insights
Bullish:
- 🟢 $TRUSTPREF - Investing in deeply discounted trust preferred CDOs, buying bonds at less than 10 cents on the dollar with potential to pay off at par.
- “I bought 100 and 100 of bonds less than 10¢ in the dollar that will pay off at par. 100 of good less than 20¢ in the dollar. So that's really never happened before.” - Brett (26:05)
- 🟢 $INEFFMKT - 🔒
- 🟢 $NONQM - 🔒
- 🟢 $REINSURE - 🔒
- 🟢 $CLOMGR - 🔒
Bearish:
- 🔻 $CMBS - 🔒
- 🔻 $PRIVCRED - 🔒