MBS ALERT: GOOD AUCTION, GOOD REACTION SO FAR

By: Matthew Graham
  • 4.238 high yield
  • 85% at high
  • Bid to cover 2.92
  • indirect just under 50%

Market likes it so far, all sides. 

we'll give this post auction chopitility a chance to find more of it's range and update you again.  for now, so far so good...