Posted To: MBS Commentary Let’s cut right to the chase… Although the 5yr auction earlier today was strong and although there were several paragraphs-worth of content in today’s FOMC statement, today has been almost exclusively about one thing: a shift in verbiage of the FOMC statement from suggesting low fed funds rates through “mid-2013″ to today’s “late 2014.” That was the big market mover at 12:30 that kicked off a big rally for MBS and Treasuries
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MBS Get Big Boost From FOMC Verbiage Shift
About Gary Lacey
