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Bond Markets Near Unchanged Following New Home Sales
Posted to: Micro News
Monday, January 27, 2014 11:18 AM
The Fannie Mae 4.0 coupon has managed to climb to near unchanged on the day at 104-15 helped along by a weaker than expected New Home Sales report. New home sales dropped 7% for December printing at 414,000 versus expectations of 457,000 with the prior month being revised worse from 464,000 to only 445,000.
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