The Ticker
Bond markets stand ground after fiscal cliff deal
1/2/13 2:49pm
The biggest relative winner is mortgage-backed securities, which aren't even remotely close to their recent lows of 104-04 on December 18th (when Cliffy optimism was at it's highest).
After shaking off the morning volatility, Fannie 3.0s have been grinding against their highs of the day at 104-20 without suggesting much risk of revisiting morning lows of 104-13.
