MBS
October 2nd, 2008 11:05 am | by John Jansen |Mortgages are lagging swaps by 6 ticks to 7 ticks. Dealers report light customer flows. Some of that light flow has included money manager buying of 5 1/2s, hot money buying 6 1/2s versus 5 1/2s and tempered selling from originators.
