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Posted by
Two Blokes Jul 14 -
Filed in
Stock
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Redwood Trust's baby bonds, especially the longer-dated issues, now offer compelling yields to maturity for income investors. Despite rising interest rates, Redwood Trust's net interest income has rebounded for five straight quarters, supported by significant loan growth and stable leverage. Risks include exposure to interest rate shifts and rising delinquencies in investor and bridge loans, making common shares less attractive.
