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November 27th Mortgage Market Wrap-up 4
Mortgage backed securiteis (MBS) closed down 19 basis points today a 104.28 having fallen late in the day to within 3 basis of support offered by the 104.09 prior to bouncing back before the close.  The 4.0 coupon MBS bonds remained in a channel between resistance offered by the 50 day moving average and support offered by the 100 day moving average.  All U.S. markets will be closed tomorrow in observance of Thanksgiving.  A few traders will trade Friday at a shortened session.
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