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MBS roundup: despite some richness, technicals favor MBS

Mortgage spreads moved tighter over the Wednesday-to-Wednesday period. For example, 30-year Fannie Mae discount and cusp coupons moved in two to four basis points while 7.5s and 8s were in 12 basis points and eight basis points, respectively. In 15s, spreads were tighter by one to two basis points...

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