Orlando Mortgage Blog

The Fed bought back $2.21 billion of 2021-2017 maturities thru the Permanent Open Market Operation as dealers wanted to sell them back $14.31 bln today. So, the 10 yr moved above 3.50% for the first time since 12/12/10. Treasuries are now back at the worst level of the session. It came after it was announced that dealers were looking to sell roughly 6.5 times what the Fed was willling to buy back. Rates should see a bump this afternoon. Call for current quote.