Growth in the market for agency mortgage-backed securities will likely decrease 9.6%, to $389 billion, next year, analysts at Citigroup Inc. said — a smaller drop than other analysts have projected.

The fall in net issuance would accompany an 18.6% drop in gross sales, to $1.35 trillion, Citi analysts Brett Rose and Brad Henis wrote in a report last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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