November 9th, 2011 9:10 AM by Eric Fang
The rates barely changed today because MBS(MortgageBacked Security) rallied not as much as Treasuries.
The rasons:1)MBS are not quite as weak as they appear.2)Volume is a lit light.3)It's a settlment day today.accounts are more concerned with squaring up their positions for the roll than keeping pace with what could prove to be a short-lived flight-to-safety spike. MBS can't chase this FTS Dragon today folks. Don't let it bother you.(I copied the above from the third party).
So don't worry, let's wait a few days for the lower ratecatch up.