週五美股REITs暴跌 - 股票

By Jacob
at 2020-04-05T01:24

Table of Contents

※ 引述《epson5566 (ep)》之銘言：
: 週五時我想很多人還是把重心放在石油的議題上
: 不過週五的時候其實美國的不動產投資信託(REITs)遭到屠殺
: 幾乎都破底了
: NYSE: LADR -25.82%
: NYSE: NLY -11.84%
: NYSE: TWO -28.19%
: NYSE: NRZ -21.83%
: NYSE: IVR --24.12%
: 其實簡單說抵押房地產投資信託的主要風險在於利率的飆升。
: 這些公司以短期利率借款，並收取15至30年的抵押貸款利息。
: 但近期由於疫情導致MBS的價值下降
: 又加上短期利率由於流動性的問題上升遠期利率由於避險需求下降
: 變成了Fed雖然降息幅度很大但疫情延燒反造成了短利率與遠利率利差拉平
: 進而衝擊房地產市場
: 一些能力較弱的實力較弱的公司可能都會面臨破產的可能性

REITs 有分為eREITs 和 mREITs

上述的都是指mREITs 這種REITs 一般桿杆率很高業界平均是5倍 (eREITs)平均2倍

所以只要源頭下跌很快就會出問題

上週就有二家(MFA IVR)宣佈無力支付Margin Call 只是隔天之後股市接連大漲

margin call 危機暫時解除

mREITs 還有分 Agency 和 Non-Agency / Residence, Commercial 和 Hybrid

各自的風險程度都不同

前幾天我寫了一篇介紹有興趣的人可以看看:

http://www.rusrule.com/2020/03/blog-post_31.html

--

Tags: 股票

All Comments

By Elizabeth
at 2020-04-07T10:33

推

By Annie
at 2020-04-11T04:02

剛剛才看到您的部落格，馬上在批踢踢看到本尊 XD

By Michael
at 2020-04-14T06:51

讚

By Skylar Davis
at 2020-04-17T09:24

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By Elvira
at 2020-04-17T18:09

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By Hazel
at 2020-04-18T21:55

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By Ursula
at 2020-04-21T18:41

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at 2020-04-24T08:38

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By Eden
at 2020-04-26T04:37

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at 2020-04-28T10:21

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at 2020-05-01T15:15

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By Joseph
at 2020-05-03T13:24

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By Sarah
at 2020-05-05T04:34

感謝

By Skylar DavisLinda
at 2020-05-05T18:54

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By Gary
at 2020-05-09T17:37

push!

By Ophelia
at 2020-05-11T00:54

看id很眼熟原來公司的品格的作者

By Hamiltion
at 2020-05-13T07:48

長知識推

By Olga
at 2020-05-14T19:32

推，增加知識

By Frederica
at 2020-05-18T18:40

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at 2020-05-19T11:15

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By Bethany
at 2020-05-23T21:33

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By Linda
at 2020-05-25T12:56

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By Yuri
at 2020-05-27T19:57

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By Emily
at 2020-05-28T19:16

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By Isla
at 2020-05-31T10:13

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By Sandy
at 2020-06-01T05:34

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By Candice
at 2020-06-05T03:41

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By Agnes
at 2020-06-09T03:59

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By Dinah
at 2020-06-10T18:40

寫得非常好

By Lauren
at 2020-06-15T02:17

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By Emily
at 2020-06-20T02:04

看完好文~

By Freda
at 2020-06-24T22:46

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By William
at 2020-06-28T23:15

照支那獨裁模式都還深陷緊縮美國真不知道炸到哪去

By Suhail Hany
at 2020-07-01T15:29

By Delia
at 2020-07-05T00:19

我在YT上看到有人想抄底REITs，台灣的有沒有機會？

By Anonymous
at 2020-07-07T04:51

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at 2020-07-09T03:27

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at 2020-07-13T19:56

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at 2020-07-17T11:17

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at 2020-07-22T02:00

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at 2020-07-26T19:24

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at 2020-07-27T17:14

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By Odelette
at 2020-07-28T09:49

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By Brianna
at 2020-08-01T17:12

FED沒有你想的笨 ...一堆財經名嘴覺得FED很笨QQ

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at 2020-08-02T17:16

專業！

By Zenobia
at 2020-08-03T16:41

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at 2020-08-03T22:19

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at 2020-08-07T02:47

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at 2020-08-08T10:32

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at 2020-08-08T15:22

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at 2020-08-11T02:48

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at 2020-08-14T10:15

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at 2020-08-15T07:50

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at 2020-08-19T09:55

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at 2020-08-21T13:49

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at 2020-08-25T00:43

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at 2020-08-28T19:27

部落格寫得很好已加入我的最愛

By Olga
at 2020-08-30T09:41

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By Agatha
at 2020-08-31T17:48

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By Callum
at 2020-09-01T14:22

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By Noah
at 2020-09-06T00:57

看完後突然覺得膝蓋好痛

By John
at 2020-09-10T12:48

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By Valerie
at 2020-09-11T13:12

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By Rae
at 2020-09-15T05:21

結尾寫得不錯給推

By Rosalind
at 2020-09-17T05:07

覺得美國會一直超前部屬，最後連租金都幫你墊付

By Gary
at 2020-09-21T22:37

如果戰爭的發源地就在你家呢？

By Linda
at 2020-09-26T03:58

美國向來喜歡替盟友，出頭喊喊話示威~

By Hazel
at 2020-09-29T11:57

長期發展下，Equity reit已經佔7成以上

By Hazel
at 2020-10-01T12:41

簡單說,房地產這顆炸彈目前銀行拆不掉,因為沒錢繳

By Tom
at 2020-10-06T02:25

感謝分享！

By Heather
at 2020-10-11T00:37

所有的人都在等著看後續到底會如何,目前沒人敢判斷

By John
at 2020-10-13T12:34

所以美股為何是銀行帶頭殺,就是當日又有壞消息來了

By Joe
at 2020-10-16T01:42

解決辦法就是無限財政政策啊XD政府給你錢繳

By Elma
at 2020-10-20T09:19

原本我認為這不可能，但現在什麼事情都不會意外了..

By Heather
at 2020-10-20T18:14

川普早就下令可以延遲繳,銀行不要去收回擔保

By John
at 2020-10-23T17:03

推

By Carol
at 2020-10-28T09:49

但銀行家精的很,你不付錢就是我要賠,現在大家都在等

By Zenobia
at 2020-11-01T16:38

看疫情能不能趕快過去,所有恢復正常,那一切就沒事了

By Elizabeth
at 2020-11-06T01:20

無限QE不可能無限，過頭了大家吞，你這些被剝削國
還高興著不會跌

By Heather
at 2020-11-10T05:13

事實上割的就是其他國，蕭條轉嫁到自己身上，還在
高興，真是可悲

By Enid
at 2020-11-12T01:35

事實上，如果病毒能癱瘓更多美軍，這是個趁病要命
的機會，反制QE 各種唱反調過太爽該付出代價

By Tristan Cohan
at 2020-11-12T19:56

確實過去全球過太爽為此得付出代價
也可以藉機證明到底誰是全球目前生活的最佳推手

By Callum
at 2020-11-14T15:56

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By Sarah
at 2020-11-18T08:56

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By Elvira
at 2020-11-22T05:06

21世紀網路化之後全球人已經過太爽滿20年了

By Quintina
at 2020-11-26T12:59

台灣人也是

By Michael
at 2020-11-27T23:19

至少從環境角度，這一個月證實人類果然是地球的害蟲

By Frederic
at 2020-11-30T17:17

這病毒有益人類啊，殺老人殺男人，剛好解決人口不
均問題

By Quintina
at 2020-12-04T20:58

寫得真好，連我這門外漢都能讀懂8成

By Harry
at 2020-12-09T15:45

爽是相對的，那些千方百計逃去歐洲的難民一點也不爽
，那可是美國人的傑作

By Charlie
at 2020-12-14T09:11

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at 2020-12-15T21:30

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at 2020-12-19T21:27

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at 2020-12-24T02:49

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at 2020-12-24T10:01

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at 2020-12-28T09:06

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at 2020-12-29T03:26

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at 2020-12-30T01:46

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By Aaliyah
at 2021-01-03T20:25

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at 2021-01-05T02:20

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at 2021-01-08T22:18

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at 2021-01-10T19:43

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at 2021-01-11T13:40

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at 2021-01-13T00:38

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at 2021-01-15T03:31

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at 2021-01-17T19:51

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at 2021-01-19T02:01

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at 2021-01-21T02:48

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at 2021-01-22T22:20

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at 2021-01-26T19:36

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at 2021-01-28T02:05

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at 2021-01-28T14:15

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at 2021-02-01T02:45

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at 2021-02-02T16:04

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at 2021-02-06T08:41

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at 2021-02-08T08:02

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at 2021-02-11T22:36

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at 2021-02-16T17:21

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at 2021-02-20T15:30

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at 2021-02-23T07:26

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at 2021-02-24T01:57

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at 2021-02-27T08:21

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at 2021-02-27T23:16

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at 2021-03-01T21:36

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at 2021-03-02T04:11

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at 2021-03-05T02:51

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at 2021-03-07T09:21

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at 2021-03-11T05:45

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at 2021-03-15T06:49

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at 2021-03-20T04:12

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By Zora
at 2021-03-23T17:43

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at 2021-03-26T14:41

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By Carol
at 2021-03-28T07:18

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at 2021-03-28T22:46

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at 2021-03-31T19:26

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By Candice
at 2021-04-04T02:12

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at 2021-04-06T07:59

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at 2021-04-07T00:01

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at 2021-04-09T10:16

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at 2021-04-13T00:10

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at 2021-04-15T02:10

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at 2021-04-18T06:17

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By Edward Lewis
at 2021-04-20T01:20

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at 2021-04-22T19:02

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at 2021-04-27T03:00

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at 2021-05-01T06:40

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at 2021-05-03T17:00

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at 2021-05-06T18:29

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By Kelly
at 2021-05-07T10:36

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at 2021-05-09T00:09

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at 2021-05-11T05:25

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at 2021-05-11T22:20

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at 2021-05-13T23:01

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at 2021-05-14T19:26

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at 2021-05-15T01:26

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at 2021-05-17T12:56

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at 2021-05-22T02:03

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at 2021-05-25T20:53

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at 2021-05-27T02:20

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at 2021-05-30T16:37

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at 2021-05-31T04:43

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at 2021-06-04T05:36

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at 2021-06-05T05:42

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at 2021-06-07T15:16

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at 2021-06-07T16:40

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at 2021-06-10T06:01

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at 2021-06-12T13:03

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at 2021-06-16T12:49

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at 2021-06-16T23:41

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By Carol
at 2021-06-17T17:42

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at 2021-06-19T02:47

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at 2021-06-22T18:26

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at 2021-06-26T05:35

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at 2021-06-28T16:32

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at 2021-07-01T16:20

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at 2021-07-04T07:20

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at 2021-07-04T16:50

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at 2021-07-09T10:06

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at 2021-07-14T03:10

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at 2021-07-14T11:12

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By Irma
at 2021-07-18T21:20

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at 2021-07-19T22:26

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at 2021-07-20T05:11

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at 2021-07-23T08:56

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at 2021-07-24T19:09

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at 2021-07-27T07:42

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at 2021-07-30T23:52

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at 2021-07-31T18:38

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By Tristan Cohan
at 2021-08-03T17:37

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By Skylar Davis
at 2021-08-08T02:18

專業

By Kyle
at 2021-08-08T22:06

誰把抵用券那篇給政府看一下蠢政府

By Rachel
at 2021-08-11T22:15

推個好文受益無窮

By Olga
at 2021-08-15T03:01

推優質好文，長知識

By Barb Cronin
at 2021-08-18T13:04

紅明顯你沒提到的另外一個發行MBS單位是Ginnie Mae
，他的等級是美國政府擔保，比另外兩個GSE等級都還
高

By Kumar
at 2021-08-19T21:02

推難得優文

By George
at 2021-08-24T13:16

危機入市主要觀察政治，所以既然fed有上次08年的經
驗，摸清整個連鎖效應，那就代表會認定REITs大到不
能倒，可以盡量對賭政府會用盡可能改規則，用政策
來救嗎？

By David
at 2021-08-27T16:48

壓寶政府救市，我覺得風險在政府可能會故意不全救，
先放給他倒幾家嚇醒那些要吃政府豆腐的人
之後才全面搶救

By Puput
at 2021-08-28T20:26

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By Caitlin
at 2021-09-01T18:25

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By Gilbert
at 2021-09-03T23:59

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By Lucy
at 2021-09-06T11:37

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By Iris
at 2021-09-09T01:05

若槓桿5倍以上表示質押成數8成以上，且貸款方完全沒
做徵信。國內做質押幾乎6成到頂了，不知道R大可有
研究是哪些金融機構給這麼高成數，這些貸款機構本
身就很雷…

By Anthony
at 2021-09-11T10:19

推老師

By Queena
at 2021-09-16T05:02

推

By Gary
at 2021-09-18T20:11

這波股災以來每天一堆廢文終於有一篇優文，股版就一
堆人覺得自己比FED厲害，事實上可能連QE都看不懂呵
呵

By Frederic
at 2021-09-20T14:49

引人心傷悲啊～杯具

By Jack
at 2021-09-22T08:12

神人

By Elvira
at 2021-09-24T07:38

Fed.是政治性組織，葛林斯潘已經演給你看過了

By Hamiltion
at 2021-09-29T02:22

感謝分享！

By Elizabeth
at 2021-10-02T07:28

感謝分享

By Frederic
at 2021-10-07T04:38

push

By Ula
at 2021-10-08T00:26

Fed有大家所沒有的數據跟它是不是會被政治影響沒關
聯

By Skylar DavisLinda
at 2021-10-12T18:47

感謝分享

By Quintina
at 2021-10-15T11:16

雖內容很長但引人入勝閱讀專業又親民的文章

By Faithe
at 2021-10-15T20:34

知識文，推。

By Mia
at 2021-10-17T10:19

感謝分享推~

By Mia
at 2021-10-21T11:01

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By Zanna
at 2021-10-24T18:27

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By Yedda
at 2021-10-26T15:40

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By Thomas
at 2021-10-29T21:19

推慢慢來翻文章

By Carol
at 2021-11-02T16:37

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By Callum
at 2021-11-03T04:56

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By Victoria
at 2021-11-05T19:48

很像有點厲害

By Quanna
at 2021-11-10T02:57

了解mreits不少

By Charlotte
at 2021-11-11T03:58

推

By Hedwig
at 2021-11-11T09:06

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By Kama
at 2021-11-15T18:58

我這種市井小民跪了，真的有很多不知道的危機

By Jacob
at 2021-11-16T23:14

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By Linda
at 2021-11-20T20:46

新書呢？敲碗

By Kama
at 2021-11-22T09:27

推解了我的疑惑

By Daph Bay
at 2021-11-24T03:20

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By Zanna
at 2021-11-28T19:23

感謝分享

By Kama
at 2021-12-03T03:26

好文推說穿了Fed就是被一堆槓桿仔給綁架了

By Daph Bay
at 2021-12-07T13:02

推,專業文長知識,謝謝分享~

By Frederica
at 2021-12-09T21:23

感謝專業優文

By William
at 2021-12-10T08:08

真猛

By Selena
at 2021-12-11T17:00

好文推一個比整天po文當沖賺手續費的文章好多了

By Candice
at 2021-12-13T01:20

推

週五美股REITs暴跌 - 股票

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