Bond prices are bouncing back today after Tuesday’s “stinker”, as Bill Gross of PIMCO put it, 5 year note auction that drove bond yields higher. This auction saw the weakest demand since June of this year, and we have $29 billion of 7 year notes being auctioned today.
Remember, trading desks are lightly staffed, volume is thin, and obtaining bids for MBS is interesting with bids coming back with wide spreads.
Remember, only two (2) more days to take advantage of the HSOA purchase special and 30 day lock special! Call your HSOA sales professional for details!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment