MBS Spreads

October 30th, 2014 2:55 pm | by John Jansen |

MBS opened up on the weak side but has spent the day grinding tighter. They are currently 1 tick to 2 ticks tighter on the day and about 3+ ticks off the wide.

One trader notes that one or two big buyers combined  with a risk averse dealer community can spark this type of rebound. The same trader observed that mortgages have outperformed Treasuries by 1/2 point since the October 16 close.

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