Cori Drudge's (coridrudge) Blog

Mortgage backed securities (MBS) prices are higher, FNMA 4.5% coupon 101.80bps, +10bps (rates lower) as the Treasury prepares to sell $24 billion 7yr notes, the third auction this week of a record $98 billion in notes. The U.S. is selling record amounts of debt to revive economic growth, service ...