MBS Day Ahead: Last Day before FOMC; Housing Starts and CPI

You have to have an industrial strength juicer and be willing to drink from thimbles if you hope to squeeze any interesting conclusions out of financial markets so far in 2014. Even heading into the end of 2013, analysts began citing the evaporation of volatility as markets began accepting the fact that tapering was priced-in during the 2nd half of the year.

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