EPISODE · Jan 26, 2026 · 22 MIN
Why Housing Policy Keeps Missing the Supply Problem
from Baird Fixed Income Insights: Convexity Pulse · host Kirill Krylov
Kirill Krylov and Steven Scheerer address fears that GSE MBS buying could crowd out private investors, and explain why the data instead point to strong demand with a meaningful shift from active to passive flows. The episode also tackles the institutional investor executive order, rising political and inflation uncertainty, and a housing market caught between improving buyer interest and stubbornly tight supply.
What this episode covers
Kirill Krylov and Steven Scheerer address fears that GSE MBS buying could crowd out private investors, and explain why the data instead point to strong demand with a meaningful shift from active to passive flows. The episode also tackles the institutional investor executive order, rising political and inflation uncertainty, and a housing market caught between improving buyer interest and stubbornly tight supply.
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Why Housing Policy Keeps Missing the Supply Problem
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