Monthly Commentary

9 Jan 2009 10:52



09 January 2009

MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted its December 2008 monthly investor commentary on the US Economy, US Mortgage Market, and the US Markets.

This month's headlines are:

The Economy: The Fed goes to the toolbox as rates approach zero

The Residential Mortgage Market: Handicapping prepayment speeds gets complicated

The Commercial Mortgage Market: Commercial real estate should feel sting of poor jobs picture

The Markets: 2008 was the year to own Treasuries, and sell everything else

Investors can access a copy of the Monthly Commentary at www.prodesse.co.uk 

Enquiries:

Financial Dynamics 

Rob Bailhache / 

Nick Henderson  

Tel: 020 7269 7200 / 020 7269 7114