This chart shows the contribution of the securitization of the residential mortgage-backed security spread to the CFSI. This spread is measured as the difference between the yield on residential mortgage-backed securities and 30-Year Treasury. It captures the ability of originators to raise capital and the relative riskiness of the securitized asset.
Release: Cleveland Financial Stress Index
Federal Reserve Bank of Cleveland, Contributions to the Cleveland Financial Stress Index: Residential Mortgage-Backed Security Spread [RMBSSD678FRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/RMBSSD678FRBCLE, February 7, 2016.