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MBS Recap: The place to go for yield and spread

Despite the early week downtrade and strong investor support, mortgage spreads moved tighter last week on limited originator supply. Over the Wednesday-to-Wednesday period, spreads on Fannie Mae 5.5s were seven basis points firmer, 6s and 6.5s were in 11 basis points, and 7s were in 19 basis points. Spread...

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