Prodesse Monthly Commentary

11 Nov 2009 08:25



11 November 2009

MONTHLY INVESTOR COMMENTARY

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

This month's headlines are:

- The Economy: Third quarter GDP constitutes low quality of earnings

- The Residential Mortgage Market: The analysis of Fed MBS purchases turns to duration

- The Commercial Mortgage Market: CMBS and the TALF

- The Corporate Credit Market: Credit where credit is due

- The Markets: The dollar falls and gold rises, profit-taking begins in stocks 

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