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First Move is Weaker Following FOMC
Posted to: Micro News
Wednesday, January 29, 2014 2:06 PM
The FOMC maintained the pace of tapering, reducing both Treasury and MBS purchases by another $5bln. There was no material change to the statement. MBS are down a quick 6 ticks, introducing negative reprice risk. 10yr yields have jumped up to 2.73 from 2.71 ahead of the announcement.
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