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Range Containment Continues Post-FOMC
Posted to: Micro News
Wednesday, March 20, 2013 2:10 PM
Just an update for inquiring minds... Neither MBS, Treasuries, or stocks have broken their pre-FOMC ranges. MBS fell very briefly back toward their weakest levels and bond markets remain closer to weakness than strength. MBS at 102-29 in Fannie 3.0s. 10yr Yields at 1.9459. Woefully uneventful so far, but again, a bit more cautious vs optimistic as far as trading levels are concerned--all under the caveat that previous lows have yet to break.
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