Wednesday, August 8, 2012



 Mortgage backed securities opened slightly higher this morning, as they continue to be weighed down by this week's Treasury auctions and low volume.  Prices are being supported this morning by a dip in Stock's, after German exports slid and fast food giant McDonald's reported same store sales that were a bit lower than expectations.  This afternoon's $24B Treasury offering will sway sentiment, as prices may not be able to push much higher than current levels.  




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