June 23,2017 End of Trading Day

MBS rallied to close out one of the least active trading weeks we have seen since last summer. The 10-year government bond yield finished at 2.14%, still well within the recent tight range, and mortgage closed up 6 bps.

Next week starts with the important Durable Goods Orders on Monday and GDP on Thursday. Markets will continue to keep one eye on Washington though to see if the GOP can muster the votes to get the health care bill through.

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