There are no economic releases today. The Fed will purchase $1.5 to $2.5 billion in longer term bonds; however, recent bond purchases by the Fed, despite their size, have made little impact on intraday prices, and have not lowered yields.
Next week will be holiday light with many folks on vacation and the markets closed Thursday for the Thanksgiving Day Holiday. Early in the week the Treasury will auction 2 yr, 5 yr and 7 yr notes, and economic releases will include the minutes from the last Fed meeting, data on new and existing home sales and consumer sentiment.
Prices for mortgage bonds improved late Thursday afternoon and have remained steady this morning. Pricing is better .125% to .25%.
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