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By admin | March 8, 2010
pPosted To: a href="/mortgage_rates/blog/"MBS Commentary/a/pridiculously flat trading in MBS and Tsy#39;s low volume, sparse data calendar, looking toward auctions Did we mention flat trading? You#39;ll rarely see MBS and Treasuries trade this flat for this much of the day. From 10:45 on, MBS haven#39;t moved more than 1 tick and tsy#39;s not more than 1bp. Volume is light on both fronts with MBS just over half recent norms. Perhaps even more telling, a quick scan down Fannie, Freddie, and Ginnie MBS from 4.0 to 6.0 shows every security in that range UNCHANGED on the day, except Ginnie 4#39;s, currently up ONE tick. Yawn..... Stocks are pretty much unchanged across big 3 indexes as well. No further data today (not like there was any this AM), and biggest event tomorrow, apart from 3yr auction, looks to be fed-speak! Other than 10yr Auction, Wednesday...(a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/139081.aspx"read more/a)pdiv style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"strongForward this article via email:/strongnbsp;nbsp;a href="http://www.mortgagenewsdaily.com/channels/139081/3/forward.aspx" style="color:#3333CC;"Send a copy of this story/a to someone you know that may want to read it./div/pimg src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=139081" width="1" height="1"
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