The wait and focus on the Presidential election kept volume below normal on Monday and Tuesday of last week. The tone, however, was decidedly supportive on the significant improvement in Libor, which led to a strengthening in dollar rolls.

Over the two days, money managers were reportedly two-way and primarily focused in 5.5s and 6s, while Asian investors were better - albeit light - buyers. While hedge funds were better sellers on Monday, they turned into buyers on Tuesday.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.