National Mortgage News: The Fed won’t sell MBS any time soon. Now what?
09/22/2022
"The market has been expecting the Fed to begin selling securities in the not-too-distant future, so we saw outperformance of lower coupons early on, but there's been a lot of selling pressure today," said Justin Hoogendoorn, head of fixed income strategy and analytics at HilltopSecurities. "It's orderly but all coupons are selling off."