March 31st, 2009 9:32 am | by John Jansen |

Mortgages are opening 1 to 1 1/2 ticks tighter to swaps.

One dealer reports that the Federal Reserve was an active buyer late yesterday and that dealer believes the early strength this morning is reflective of dealers covering those sales of late yesterday.

Originators have been selling and money managers have been buyers for now.

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  1. 2 Responses to “MBS”

  2. By CR on Mar 31, 2009 | Reply


    Is the dealer selling of mortgage paper to the fed coming from inventory or is some of it trading positions hedged with Treasuries, therefore causing treasury purchases?

  3. By John Jansen on Mar 31, 2009 | Reply

    I am not sure on that. I will see if i can get answer and report back in my MBS summary later.

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