Since the post auction volatility forced a few ALERTS out of us...things have stabilized!
As expected the Dow lost steam and went sideways...
The "range" did its job (it was oversold!!!) and moderated further losses on the US10YR note. Since reaching 3.90%, yields have slowly backed away towards the middle of the range....
AND THE FANNIE 5.0 MBS RECOVERED ITS POST AUCTION PRICE LOSSES!!!
Anyone want to take a guess at where the FN 5.0 closes?
NO REPRICES FOR THE WORSE REPORTED!!!
MBS Market Alerts
