Wednesday, February 26, 2014
Yesterday interest rate markets improved, the 10 fell 4 bps to 2.70% and 30 yr MBS prices gained 35 bps in price. This morning no follow-through early; the rate markets remain range bound within an extremely narrow range, no direction but the outlook is a little better. The 10 opened at 2.71%, at 10:15 2.69% -1 bp
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