Tuesday 12/23 ...MBS move Higher
By:
Victor Burek
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Thought i would give everyone a quick update. Our favorite mbs coupon, the 4.5, has moderately improved today. Since close yesterday, we are up 7 ticks. Some lenders repriced for the better today. Still a very low volume day.
Tomorrow the bond market closes early at 2pm est. We are also getting several economic reports but i do not suspect that they will have a big impact on trading as most traders have already signed out for the week.
Get back to you tomorrow.