Market close

MBS   +4/32 @ 100.25     10 Yr T  +3/32  @ 2.5770       DOW  +13 @ 15,555

 

 

Stronger than expected Durable Orders data hurt MBS early in the day, but MBS began to recover in the middle of the session. Stronger than average demand for the 7-yr auction helped MBS this afternoon. A late day article from a noted Fed watcher provided another boost to MBS. The article suggested that Fed officials will discuss whether to alter their language describing future policy to emphasize that they expect that the fed funds rate will remain very low for a long time. Tomorrow, Consumer Sentiment will be released