The Mortgage Update

Treasuries gained for a second day as some investors got a hold of themselves and realized that headlines proclaiming the Fed will slow its bond buying program sooner than later are speculative. Its weekend, which means the most significant economic data is behind us and the auction cycle has ended for the week. Hopefully, the majority of investors will be focused on the FOMC minutes next week and offer us a quiet day in the MBS market. Data today will be centered on the 9:55 Consumer Sentiment announcement.