This week, once again, the release of Federal Open Market Committee meeting minutes cast a pall over the mortgage-backed securities market.

Recent month-to-date gains were wiped out as Barclays MBS Index lagged Treasuries by 11 basis points over the week through Thursday which sent monthly performance back in the red at by 3 basis points. Meanwhile, the 30-year current coupon spread widened to more than 65 basis points from 62 basis points last Friday.

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