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  • MBS ALERT: Precipitous Fall from Session High

    Existing Home Sales +7.2% higher. Annual rate 5,240,000 sales per year......much better than expectations for 4,890,000 sales per year. Stocks instantly shot higher and TSY prices plummeted. Consequently the FN 4.5 has fallen 12 ticks from 100-11 to 99-31. REMEMBER: trading flows are thin. pricing movements...
    Posted to MBS Commentary (Weblog) by Adam Quinones on Fri, Aug 21 2009
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