Ocwen's regulatory burdens send up red flags and drive down stock price

Ocwen's regulatory burdens send up red flags and drive down stock price

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Investments / The Ticker

MBS rises due to strong economic data

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December Durable Orders rose 4.6% from November, above the consensus of 2.0%.

Excluding volatile aircraft orders, they increased 1.3%, compared to a consensus of just 0.7%.

Bonds sold off after the news, with 10-yr Treasury yields reaching 2.0% for the first time since April.

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