Monday 1/5…Fed Has Started to Buy
By:
Victor Burek
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In breaking news, the Fed has started its MBS buying. Details of how much they are buying will be released weekly. Currently mbs are up 9 ticks on the day but off the highs of up 16 ticks.
Construction spending came in at -.6% vs expectations of -1.2%. Dow is currently down 62 points, oil has moved higher by a $1.00 and gold is trading down $26.50.