The Refi Boom Is Rattling Mortgage-Bond Investors

Wall Street Journal, Mar. 13, 2020–Ben Eisen (subscription)
Investors have been dumping mortgage bonds at a rapid clip, as interest rates plunge on concerns about the coronavirus pandemic and spur a flurry of refinancings that is creating bottlenecks through the mortgage system.
https://www.wsj.com/articles/the-refi-boom-is-rattling-mortgage-bond-investors-11584118404