MBS
August 3rd, 2009 9:06 am | by John Jansen |Mortgages are opening unchanged to a tick tighter to swaps.
One trader in an email this morning noted that MBS tightened about 10 basis points to swaps last week on a Libor OAS basis.
Banks have been chunks buyers on dips as have money managers.Banks have favored seasoned 15 year 4s,4.5s , and 5s.
The Open Market Desk and its agents have been soaking up origination with purchases which average about $ 4billion per day.
