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MBS LUNCH: Modest Recovery After Hitting 5 Month Yield Highs

Posted To: MBS Commentary

After hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average. The 10yr note is -0-14 at 96-04 yielding 3.849%. Illustrating the 5 month yield high… The FN 4.0 is -0-09 at 96-17 and the FN 4.5 is -0-05 at 99-24. Year end always makes me feel lazy for some reason. More to come later…I need to go back out. BOND MARKET CLOSES AT 2PM….(read more)

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Written by Adam Quinones on December 31st, 2009 with comments disabled.
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