Sep 12, 2011 11:34AM Don't forget that we're one week away from "Talk Like a Pirate Day." Of course, to err is human; to arr is pirate. The next time you're thinking about outsourcing your underwriting to another nation, think twice: Video A few weeks back the mortgage-backed security markets were roiled with rumors of a massive government sponsored refinance program. Investors who owned any securities at 5% or above, containing 30-yr loans with rates of 5.25% or above, were wringing their hands, worried that suddenly... Sep 12, 2011 4:54PM Apart from the mid-day drama surrounding rumors that China was set to buy Italian Bonds, and to a a lesser-extent, Dallas Fed Pres Fisher's reference to Jujitsu in his speech, today was fairly uneventful. Both MBS and Treasuries just sort of leaked weaker at a fairly measured pace. In the after hours session, 10yr yields even bounced off some support around 1.95 which was a high volume mark from Friday morning. Markets are clearly continuing to trade technically amid the uncertainty. Here's a look...
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