MBS
July 1st, 2009 1:19 pm | by John Jansen |There has been robust buying of premium coupons in MBS and the 6s are a star performer gaining 2/32. In addition, there has been a raft of up in coupon trades which have worked to the detriment of 4s which are 1/4 point lower.
Originator selling has been light and one email writer used a great verb as he described the Federal Reserve as “policing” the coupon stack.
