May 29th, 2014 11:25 am | by John Jansen |

Mortgages are 1 tick to 2 ticks wider this morning. There was some late origination selling which polluted the environment and that has carried over this morning. One dealer in his note thought that the Fed purchases would clean up any residual bonds from that sale. He also thought that the theme in the market was down in coupon and out of 15s and into 30s.

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