Monday, September 23, 2013

Update on the market


MBS  +9/32 @ 104.07     10 Yr T  +8/32  @ 2.704            DOW  -49  @ 15,401

 

Comments from the Fed's Dudley lifted MBS. Dudley strongly supported continued Fed bond purchases to help boost economic growth. He stated that the Fed should not begin to taper until greater improvement in the labor market is seen. No economic data was released today. Tomorrow, Consumer Confidence will be released at 10:00 et. The results from the 2-yr Treasury auction will come out around 1:00 et.
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