September 23rd, 2014 6:34 PM by Dale DiGennaro
Mortgage Backed Securities are up +6/32 (FNMA 30-yr 3.5 at 102.04), around 3/32 above morning levels, and near the high for the day. Weakness in stocks lifted Mortgage Backed Securities again today. No economic data was released. Demand was stronger than average for the 2-yr Treasury auction. The Dow is down 110 points. Tomorrow, New Home Sales will be released at 10:00 et. The results from the 5-yr Treasury auction will come out around 1:00 et.