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MBS AFTERNOON: Reprices for the Better Reported
Although "rate sheet influential" MBS coupons are off intra day price highs, we are seeing reprices for the better. If you're floating in the short term, wait a bit longer as you should pick up between .125 and .375 bps after rates are republished.
The FN 4.0 is +0-09 at 98-12 yielding 4.157% and the FN 4.5 is +0-09 at 101-07 yielding 4.369%. The secondary market current coupon is 4.295%. The current coupon yield is 69.3 bps higher than the 10 year TSY note yield and 61.2 bps over the 10 yr swap rate.
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Mortgage News Daily
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Anonymous Anonymous |
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YOUR MESSAGE HERE
MBS AFTERNOON: Reprices for the Better Reported
Although "rate sheet influential" MBS coupons are off intra day price highs, we are seeing reprices for the better. If you're floating in the short term, wait a bit longer as you should pick up between .125 and .375 bps after rates are republished.
The FN 4.0 is +0-09 at 98-12 yielding 4.157% and the FN 4.5 is +0-09 at 101-07 yielding 4.369%. The secondary market current coupon is 4.295%. The current coupon yield is 69.3 bps higher than the 10 year TSY note yield and 61.2 bps over the 10 yr swap rate.

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