MBS Investors Return to Market

Mortgage-backed securities investors shook free of some of their liquidity concerns and staged a notable return to the market Wednesday afternoon.While the sector had given up some of those gains as of Thursday morning, MBS continued to trade relatively well. "We didn't give it all back," Art Frank, director and head of MBS research at Deutsche Bank Securities Inc., said of the improvement in the MBS market Nov. 28. "It was quite a spectacular day."