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MBS OPEN: Yield Curve Flatter After Auctions

Sep 13th, 2009 | By admin | Category: Mortgages

MBS trading slow during settlement. Benchmark big brothers are leading MBS prices higher. Expect MBS to lag TSY rally…especially with prices and relative value being rich. Lenders should have "the drop" baked into pricing already…but dont be surprised if a rate sheets are unexpectedly worse this AM…(read more)

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