Crazy Leader of NOKO is helping push mortgage rates lower
MBS are up +5/32 (FNMA 30-yr 3.5 at 103.20), around 9/32 higher than yesterday at this time.
North Korea launched a missile which flew over Japan, causing investors to shift to safer assets this morning, including MBS. The Dow is down 50 points. Consumer Confidence will be released at 10:00 et. The results from the 7-yr Treasury auction will come out around 1:00 et.