|This email was sent to you by:|
Harry Chriest |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Ongoing Negative Reprice Risk As MBS Push To New Lows
Posted to: Micro News
Wednesday, November 28, 2012 3:11 PM
Late day illiquidity is pushing production MBS prices lower following the 3pm Treasury close and Treasuries themselves are leaking higher in yield as the after hours session kicks in. Negative reprices have already been a sort of constant companion since the early afternoon. This most recent jolt of weakness merely keeps that pressure on. Fannie 3.0s fell to 105-03 briefly and are now at 105-04, 1 tick lower on the day.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.