Mortgage backed securities (MBS) closed up 7 basis points today at 104.19 having remained above support offer by the 25 day moving average and below resistance at the 104.34 level. The Treasury auctioned off $27 billion of two year notes today. Despite the fact that the auction garnered just a C+ rating and a rising stock, MBS bonds still showed a gain. The 30 year was at 4.0% today.
Rainmaker
1,608,169
1,608,169
The Federal Savings Bank/Lending in 50 states
local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author
Recent Posts
Mortgage / Finance
over 1 year ago
Mortgage / Finance
over 1 year ago
Mortgage / Finance
over 1 year ago
Comments (0)Subscribe to CommentsComment