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  • MBS CLOSE: Range Holds After FOMC Statement

    $40bn 5yr notes have been auctioned and the FOMC statement is behind us....and THE RANGE HOLDS!!!! Pre-FOMC statement the 10yr yield rose as high as 3.51% (100 day moving average). Post-FOMC statement the 10yr fell 12 bps to 3.40%, where resistance was run into at the 50% retracement of Sept.9 yield...
    Posted to MBS Commentary (Weblog) by Adam Quinones on Wed, Sep 23 2009
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