Janus Henderson Mortgage-Backed Securities ETF Price & Performance (JMBS)

Despite the Federal Reserve's rate reductions, 30-year fixed mortgage rates continue to stay elevated. This divergence is attributed to rising inflation expectations and the Treasury's increased issuance of long-term bonds. Analysts suggest that economic caution and high Treasury yields are discouraging additional mortgage risk, complicating hopes for lower rates.1

In 2024, securitized credit sectors outperformed other fixed income assets, benefiting from tighter spreads and shorter durations. High-yield bonds and bank loans also performed well, supported by strong corporate fundamentals and economic data. Emerging market debt gained traction as some nations advanced in their rate-cutting cycles, showcasing diverse fixed income opportunities.2

McGrath RentCorp announced an increased quarterly dividend of $0.485 per share, reflecting a 1.77% annual yield. Meanwhile, insider activity revealed share sales, and institutional investors adjusted their holdings. The stock has shown volatility, with recent performance ranging between $95.50 and $129.93 over the past year.3