Mortgage Bonds drop to fresh lows of the session and once again get turned back lower from Resistance at $99.78. Our benchmark 4% coupon is down 28bp on the day, and down 25-31 from lender pricing windows. There is a 3-year note auction at 1pm, which could turn things around.
Archive for January 11, 2011
January 11, 2011 Leave a comment
Categories: Market News