Traders say investors are becoming more reluctant to invest in mortgage securities and other riskier assets as yearend approaches, and spreads are holding steady as a result.

For example, the difference in yield between Fannie Mae 6% pass-throughs for January delivery and 8.5-year Treasuries on Wednesday afternoon was little changed from early Tuesday, at 173 basis points.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.