Monthly Commentary

10 Feb 2009 09:53



10 February 2009

MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted its January 2009 monthly investor commentary on the US Economy, US Mortgage Market, and the US Markets.

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 at www.prodesse.co.uk 

Enquiries:

Financial Dynamics 

Rob Bailhache / 

Nick Henderson  

Tel: 020 7269 7200 / 020 7269 7114