Market Update 6/21/2016
MBS are up +2/32 (FNMA 30-yr 3.0 at 102.26), around 1/32 lower than yesterday at this time.
It has been a quiet morning ahead of testimony from Fed Chair Yellen. The Dow is up 10 points. No economic data will be released today. Yellen will be testifying before Congress at 10:00 et for the first day of semiannual testimony. The results from the 5-yr Treasury auction will come out around 1:00 et.