Market Update 8/17/2016
MBS are up +1/32 (FNMA 30-yr 3.0 at 103.17), around 2/32 lower than yesterday at this time. Unfavorable repricing was seen yesterday.
It has been a quiet morning. The Dow is down 50 points. The minutes from the July 24 Fed meeting will come out at 2:00 et. These detailed minutes provide additional insight into the debate between Fed officials and have the potential to significantly move markets.