Currently, the street is showing its dissatisfaction as the 10 year note is off 8/32’s and MBS off 3/32’s

The 40 billion dollar auction package of 3 year notes spit the bit with below average results.  Yield hit the tape at 1.377% with an ugly 1.8 bps tail (big cat).  Bid to cover was 2.83 to 1 (average 3.0 to 1) and Indirect bidders took 51% (close to average).  The only positive I can see is that foreign interest (Indirect bidders) took their fair share.  But that should be expected as Greece slides into the ocean.  Give this baby a C.  Currently, the street is showing its dissatisfaction as the 10 year note is off 8/32’s and MBS off 3/32’s.  No rest for the wicked.

About Max Leaman Austin Mortgage

GREAT RATES, LOW FEES, CLOSE ON TIME™ ---- 2012 Ranked #1 Austin Residential Mortgage Lender (Austin Business Journal) 2010, 2011 & 2012 Five Star Professional (Texas Monthly) 2009, 2010, 2011, 2012, 2013 PrimeLending Chairman's Circle Award 2009, 2010, 2011, 2012 Scotsman Guide Top Originator (Top 200 Mortgage Professionals in U.S.A.) Better Business Bureau "A+ Rating" National Lender Rankings (Scotsman Guide): Top Purchase Volume (No. 10) Most Loans Closed (No. 32) Top Dollar Volume (No. 88)

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