MBS CLOSE: FED BUYS $23.4bn

By:

Fn 4.0-> -0-04+ to 100-20           Gn 4.0-> +0-02 at 101-04+

Fn 4.5-> -0-04  to 101-31+          Gn 4.5-> -0-03+ to 102-22

Fn 5.0-> -0-04  to 102-26            Gn 5.0-> +0-00 to 103-18

Fn 5.5-> -0-04+ to 103-07           Gn 5.5-> -0-01 to 103-24

Fn 6.0-> -0-03 to 103-21+           Gn 6.0-> +0-01 to 103-29+

The Federal Reserve Purchased $23.405bn between January 8 through January 14. So they averaged $4.681bln/day...a little higher than we had expected.

Source: NY Federal Reserve