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MBS market thrown a curve onunexpected Treasury announcement Mother of all refi waves' predicted amid record volatility

The Treasury's unexpected elimination of its 30-year bond auction sent a shockwave through the mortgage-backed market last week, spiking volatility in the sector to its historical high, reconfiguring the yield curve, and throwing the 30-year mortgage rate to its second-lowest level ever - on its way to an all-time...

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