MBS ALERT: Auction Results

By: Matthew Graham • Thu, Oct 29 2009, 1:03 PM

Not a good reaction so far to the 7 yr auction...

3.141 with 46% at high

2.65 BTC

primary dealers take 11.48 with indirects taking 18.37

Always plenty of volatility after auctions, but reprices for the worse are a risk with the initial move, and they would be coming quickly...

more to follow...