Mid Day update 7/25/2016
MBS are down -1/32 (FNMA 30-yr 3.0 at 103.14), around 3/32 below morning levels, and at the low for the day. No economic data was released today. Weaker than average results for the 2-yr Treasury auction caused MBS to decline a little this afternoon. The Dow is down 75 points. Tomorrow, New Home Sales and Consumer Confidence will be released at 10:00 et. The results from the 5-yr Treasury auction will come out around 1:00 et. The next Fed meeting will take place on Wednesday.