1. T. Rowe Price, Loomis Sayles Target 'Cheap' Mortgage Bonds After Market Rout
Major asset managers are moving to capitalize on a sharp sell-off in the mortgage-backed securities (MBS) market. Firms including T. Rowe Price Group Inc. and Loomis Sayles & Co. are actively buying what they see as bargains, a signal that institutional investors believe the recent plunge has created a buying opportuni...