REITs Slump 19% Fueling Worst Bond Losses Since ?94: Mortgages

... relies on leverage, and leverage cuts both ways," said Ken Hackel, the head of securitized product strategy at Stamford, Connecticut-based bond broker CRT Capital Group LLC. "In good times it generates above-market returns. But when times get ...

http://washpost.bloomberg.com/Story?docId=1376-MPOAZZ07SXKX01-2G9489MVB5AK4LMR9VBEVVRH2Q