Mortgage backed securities (MBS) closed down 6 basis points today at 102.25 having remained above double support offered by the 25 and 50 day moving averages. With light volume heading into the holiday weekend, MBS bonds managed to keep almost level today. Despite the fact that today's Treasury auction scored a very poor "D" rating, the stock market traded in the red nearly all day and kept investor dollars in the fixed income markets. The 30 year conforming rate remained at 3.875% today.
Real Estate Faster - Los Angeles, CA
Thanks for the info. That 's positive news that the stock market traded in the red most of the day and kept investor dollars in the fixed income markets.
Dec 21, 2011 12:20 PM
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