More Money
3/9/10 Mortgage Backed Securities are plus 9bp this morning. The Treasury will auction another 72 billion dollars in Treasury notes starting today with 40 billion in 3 year notes. Rates on some products open slightly better today. There was no real reason for the move. We will have to see how today's auction goes to see if the rates hold. Remember China started decreasing its exposure to US debt. Greece also had a large auction last week. Simple supply and demand economics will...

More Money
3/9/10 Mortgage Backed Securities are plus 9bp this morning. The Treasury will auction another 72 billion dollars in Treasury notes starting today with 40 billion in 3 year notes. Rates on some products open slightly better today. There was no real reason for the move. We will have to see how today's auction goes to see if the rates hold. Remember China started decreasing its exposure to US debt. Greece also had a large auction last week. Simple supply and demand economics will...