Monthly Commentary

9 May 2007 09:15

Prodesse Investment Limited09 May 2007 09 May 2007 MONTHLY INVESTOR COMMENTARY FIDAC, the investment manager of Prodesse Investment Limited, has today postedits April monthly investor commentary on the US Mortgage Market, The US Economyand the US Markets. This month's headlines are: The Mortgage Market: Prepays increase less than expected; looking ahead to ARMresetsThe Economy: The Fed digests recent data: a change in bias to follow?The Markets: Stocks rally, bonds stay flat and the dollar weakens Investors can access a copy of the Monthly Commentary at www.prodesse.co.uk Press and Analyst Enquiries:Rob Bailhache / Nick Henderson, Financial DynamicsTel: 020 7269 7200 / 020 7269 7114 This information is provided by RNS The company news service from the London Stock Exchange