MBS RECAP: Traders Move to Sidelines Ahead of Fed Announcement
Traders Move to Sidelines Ahead of Fed Announcement
September’s big Fed announcement doesn’t hit until next Wednesday, but it’s not too early for markets to freak out about it a little bit. The fear is expressed in the form of a move to the sidelines for both stocks and bonds. In other words, both sides of the market sold off today. Treasuries fared a bit better, and MBS fared better still (2.0 coupons only dropped an eighth of a point by…
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