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March 10, 2010
NEWS
There was no significant economic news yesterday, making for a bit of a boring day. Thirty-year rates held steady as a result: 4.875-5.125% for the most qualified buyers (740 FICO, 80% LTV).
The Buzz Stocks are weak this morning, as overnight news warned that credit ratings and debt fears are present in the United Kingdom, France, and Spain.
Other than that though, there isn't much on the table: no significant economic news, and some minor auctions: 4- and 52-week Bills and 3-year Notes. So, it should probably be a fairly uneventful day. Rates are not expected to make much of a move in either direction.
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