The economic calendar is light today with the U.S. Treasury auctioning $32 billion in 3 year notes and at 1:00 PM, ET the minutes from the Fed’s September 21st meeting will be released. This meeting had the first discussions of QE2 and could provide some interesting color into what the various Fed officials are thinking.
Treasury and mortgage bond prices are slightly better today, with mortgages better by .125% to .250%.
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