The economic growth and wage inflation that shouldaccompany higher rates will help offset the negative effect ofrising borrowing costs on the housing market, Philip Weingord,chief executive officer of New York-based Seer CapitalManagement LP, said today in an interview on BloombergSurveillance
A lot of dealers did go into May and June a bit heavy andthey have been using CMBX and ABX to hedge their inventories,said Philip Weingord, the head of Seer Capital Management LP,the hedge-fund firm that oversees $400 million. As the indexescontinue to go down, its bringing down the cash bond