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Monday, March 30, 2009

Fixed Income Recap

Treasuries
The two-year finished flat on the day, and the ten-year was lower by 5/32. The benchmark curve was steeper by two bps on the day, eight bps steeper for the week, and remains at +184 bps. A basis point represents .01%.

MBS
Agency MBS were mostly unchanged on a price basis but tightened five basis points to comparable Treasuries across the coupon stack due to the selloff in the ten-year.

Links
What if No One Came

Have a great evening.

Cliff J. Reynolds Jr.
Junior Analyst

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