Yesterday was a calm day for the bond market with no economic news released. Today is similarly void of economic announcements. However, market risk might be the driver of MBS prices today. The situation in Syria continues to plague the region. Congress is not opposed to military action, however President Obama continues to rally support from the American population. Fiscal policy discussions start again today, topics on the agenda include replacing Big Ben, the debt ceiling, and the asset reduction plan that the Fed should announce next week.
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