Monday 3/16...Holding Up Well with a Stock Market Rally
By:
Victor Burek
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Currently, mortgage backed securities are unchanged from this morning. A nice positive take away from this is the stock market is up over 100 points and treasury yields at 2.95. So, even though we have a flow of money into stocks and selling pressure in Treasuries, mbs seem to be in their own world.
All in all, a pretty boring day for mbs but a postive day none the less. If anything happens between now and close i will post back.