Yesterday mortgage-backed securities had their least volatile day since last week's " Black Wednesday " event. MBS traded in a tight range most of the session, closing slightly higher than the previous day's "going out" marks. With all the volatility recently, I have to say...
Treasury Secretary Henry M. Paulson, Jr. Thursday released recommendations from the President’s Working Group on Financial Markets (PWG.) The PWG, headed by Paulson, is composed of the heads of the Federal Reserve Board, the Federal Reserve Bank of New York, the Securities and Exchange Commission...