Monday, September 27, 2010

MBS prices are up +12/32 and at the high for the day. No economic data was released today. Demand was stronger than average for the 2-yr Treasury auction, which lifted MBS markets. The bid-to-cover was 3.78 and foreign investors purchased 39% of the total. The Dow is down 50 points. Tomorrow, Consumer Confidence will be released at 9:00 am. The results of the 5-yr auction will be released at noon.

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