All that “stuff” amounted to MBS opening in line with yesterday’s most frequently visited high of 102-22 (outright was 102-26).
Stronger Jobless Claims forced a dip to 102-19, but said dip was quickly bought (and sold in stocks) as markets thought better of reading too much into a low Claims print when some of the data may be distorted by the inability of residents to navigate various stretches of frozen tundra in the Northeast to get to their local unemployment office.
MBS: Bond markets post mixed results
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