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  • MBS OPEN: Testing Range Resistance

    Recap of Yesterday $40bn 5yr TSY auction stops out at 2.47% high yield. 3bps tail of 1pm "When Issued" yield. 2.4 Bid to Cover FOMC says “Economic activity has picked up following its severe downturn”, keeps short-term interest rates at exceptionally low levels “for an extended...
    Posted to MBS Commentary (Weblog) by Adam Quinones on Thu, Sep 24 2009
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