MBS Update

November 26th, 2013 11:46 am | by John Jansen |

Mortgages are lagging in the up trade today. There was some overnight buying which initially held spreads in check but they have widened since. FNMA 3s are lagging by 2 + ticks and 4s are lagging buy a plus (versus Treasuries). One dealer noted that higher dollar prices has sidelined real money buyers.The same dealer also noted that he was seeing some selling of specified coupons in the 5s and 6s.

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