Macro Matters: MBS Update With BI’s Erica Adelberg

An episode of the FICC Focus podcast, hosted by Bloomberg Intelligence, titled "Macro Matters: MBS Update With BI’s Erica Adelberg" was published on February 5, 2026 and runs 24 minutes.

February 5, 2026 ·24m · FICC Focus

Summary

Housing affordability challenges are a feature, not a bug, Bloomberg Intelligence chief MBS strategist Erica Adelberg says. On this episode of the Macro Matters podcast, Adelberg joins host Ira Jersey, BI’s chief US rates strategist, to discuss Fannie Mae and Freddie Mac buying $200 billion of mortgage-backed securities, recent proposals aimed at improving affordability for first-time home buyers and shifts in her views on relative value in the MBS market. Adelberg notes that efforts by the Federal Reserve or US government to address housing affordability could raise longer-term risks.

Episode Description