Market Analysis

February 11th, 2009 12:39 PM
The improvement in rates today is a function of improvement from yesterday afternoon that was not priced into rate sheets until today.  Today's market for mortgage-backed securities (MBS) issued by Fannie Mae and Freddie Mac is relatively flat.  Yesterday the MBS improved based on strong foreign investor demand for the US Treasury 3 Yr Note auction.  Today, the market for MBS and US Treasury's is holding up despite more lukewarm investor demand for the US Treasury's 10 Yr note auction.
Posted by Matthew Breston on February 11th, 2009 12:39 PMPost a Comment (0)
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