MBS UPDATE: AUCTION RESULTS

By: Matthew Graham

Good at first glance....

- high yield at 4.541 with 16.77% at high yield, only 3 bps over current market

- median yield was under current market

- Bid To Cover at 2.54

- indirects take 7.2 bln good for 48% indirect bid

- here's historicals to see how we stacked up

 

But does that matter if you get stuff like this?

MBS, Tsy, and LIBOR Quotes