Investments

Mortgage-backed securities hit lows following ‘fiscal cliff’ headlines

With Japanese markets closed, overnight trading activity was light.  

10-year Treasuries began the European hours in slightly weaker Territory than Friday’s worst levels, but improved into the domestic open.  

This helped mortgage-backed securities come in the door right in the middle of Friday’s range, but bond markets sold-off moderately on a series of Fiscal Cliff headlines.

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