Election uncertainty weighed heavily on market flows last week, as expectations of an announcement from Florida by press time looked doubtful.

In addition, other states that had relatively close results that went to Gore were starting to tally their absentee ballots last Thursday, which is supposedly narrowing the difference. Additionally, the potential legal actions by the Gore camp also weighed heavily on the financial markets, as a sense of uncertainty and a bit of the November doldrums took over the MBS world.

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