Wednesday 3/18...Pre FOMC Statement

By: Victor Burek

Just a quick update prior to the FOMC statement at 2:15est.  MBS are enjoying modest gains, up 3 ticks.  Not quite enough to generate reprices for the better from lenders.  Treasuries are rallying and the dow is still in the negative but well off the lows.

 

I will get back to you after the annoucement.