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Mortgage backed securities had a great day today gaining 81 bp's at the time of this post.   The changes were due to the Fed statement earlier today. Stocks, Oil and Bond prices were all higher.  The Fed will continue to reinvest proceeds from principle payments in MBS back into purchasing MBS.

In short this means there should be a repicing for lower interest rates later today or may be reflected in the interest rates tommorow.

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