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Brandywine Joins Funds Seeking Yield From Spain To IHOP

FYI: Managers at Brandywine, Western Asset Management Co. and other funds are evaluating and shifting some of their holdings of U.S. mortgage-backed bonds to other asset-backed securities. The rally in mortgage bonds that aren’t insured by the government has slowed as the housing market has recovered from the 2008 crash. So everything from securities tied to pools of student loans to fees franchisees of restaurants like IHOP pay parent companies are luring investors as issuers push sales to the highest level in five years.
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