10 Feb 2009 09:53
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10Β FebruaryΒ 2009
MONTHLY INVESTOR COMMENTARY
Β
FIDAC, the investment manager of Prodesse Investment Limited,Β has todayΒ posted itsΒ January 2009Β monthly investor commentary on theΒ US Economy, US Mortgage Market,Β and the US Markets.
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This month's headlines are:
The Economy: The housing market has not seen a bottom, and none is in sight
The Residential Mortgage Market: Prepayment speeds pick up, but from a very slow pace
The Commercial Mortgage Market: A report from the CMSA
The Markets: The market sobers up to economic policies; stocks fall, gold and bond yields rise
Investors can access a copy of the Monthly Commentary atΒ www.prodesse.co.ukΒ
Enquiries:
Financial DynamicsΒ
Rob Bailhache /Β
Nick Henderson Β
Tel: 020 7269Β 7200 / 020 7269 7114
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