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MBS RECAP: Locking vs Floating Ahead of Potentially Big Fed Announcement

Posted To: MBS Commentary

Locking vs Floating Ahead of Potentially Big Fed Announcement First thing's first: if you haven't seen the adverse market fee make it back onto rate sheets yet, that makes locking a no-brainer. If you have, then we can move on to considering the impact from the Fed Announcement. Today's video discusses the relevant considerations in detail. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) NY Fed Manufacturing 17.0 vs 6.0 f'cast , 3.7 prev Import Prices 0.9 vs 0.5 f'cast , 1.2 prev Industrial Output 0.4 vs 1.0 f'cast , 3.5 prev Market Movement Recap 08:26 AM Bonds were unchanged to start the overnight session but lost ground modestly during European hours. Stocks are up almost another 1%, but the bond weakness doesn't look too correlated…(read more)

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