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Market continues to be in somewhat of a holding pattern.  As you can see by the chart, we have been trading in a pretty narrow trading range for a while now.  Seems to be a lot of apprehension about the Fed MBS purchase program coming to an end next month. Their purchases have provided an artificial support and will be interesting to see how the market responds once gone. The government continues its selling of treasures this week as well. To the tune of 81 billion. This could put some added pressure on our rates with more supply to absorb. Stay tuned ...

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