Current Pricing of FNMA 30 Year 4.5% Bond: $100.12
0 bps (Prior Close – $100.12)
Market Update: The MBS pricing is unchanged this morning from yesterday's close after some initial up and down trading.
Economic News: The Federal Reserve's preferred inflation gauge, the Core Personal Consumption Expenditure Index, indicated that inflation remained tame last month coming in at 1.4% year-over-year. As part of that report, Personal Income and Spending were both reported inline with expectations.
Recommendation: FLOAT
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