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February 26th, 2011 10:28 AM

The violence in the Middle East reached a much greater level this week, as Libyan leader Gadhafi fought to retain control. Uncertainty about whether the violence will spread to other nations produced a "flight to safety", which means that investors shifted funds from risky assets such as stocks to relatively safer assets such as bonds. Higher demand for bonds, including mortgage-backed securities (MBS) helped mortgage rates improve.

 

 


Posted by Steve Dinielli on February 26th, 2011 10:28 AMPost a Comment (0)

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