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Fed Hikes; First Move Is Weaker

If you haven't already seen a reprice or a lock desk shut down, the first move following the FOMC Announcement is weaker for bond markets.  It's not a runaway sell-off just yet.  Markets are digesting.  10's only up to 2.317.  More to follow.

MBS / Treasury Market Data

UMBS 5.0
99.37
+0.02
UMBS 5.5
100.76
+0.02
2 YR
3.9165
+0.0020
10 YR
3.9068
+0.0029
Pricing as of: 9/1 7:34PM EST
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