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Negative Reprice Risk Increasing As MBS Hit Lows Of The Day
Posted to: Micro News
Tuesday, November 13, 2012 11:27 AM
Germany's Shaeuble is out in confirmation of earlier news that Germany is indeed discussing paying three of Greece's scheduled bailout payments in one lump sum. Bond markets resisted the initial "risk-on" swing at first, but have since slipped to their weakest levels of the day.
Fannie 3.0 MBS are down 3 ticks now at 104-31 and 10yr yields just crossed higher over 1.60. It doesn't currently look like it will be a runaway sell-off, but negative reprice risk is elevated for now.
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