February 20th Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed down 3 basis points today at 101.16 having once again remained above support offered by the 100 day moving average.  MBS bonds had rallied early in the day only to be blindsided by big news from the Eurozone.  They had been up 35 basis points when the banks that price at 10 MA priced.  The 30 year was available at 3.875% today.