Debt spreads have widened and indices have been down 5% in the specialty and mortgage finance area, according to a recent report by Citigroup.Spreads in the sector "[seem] to have widened" due to "debt-selling market speculation" by the European Central Bank, according to the Aug. 1 report by analyst Matthew Vetto of Citi's Smith Barney unit. Some of the worst-performing companies in the indices are mortgage-related businesses, and these firms have been down by as much as 11%, Mr. Vetto said in the report.
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