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MBS Mostly Recovered As Bernanke Press Conference Starts
Posted to: Micro News
Wednesday, December 12, 2012 2:20 PM
It hasn't been the fast and triumphant bounce back needed in order to avert a fair amount of negative reprices, but MBS have ground back within 2 ticks of unchanged as Bernanke begins his press conference. 10yr yields fought off a break above 1.7, but neither have they been eager to return below 1.68.
Reprice risk is less developed at these levels though not absent.
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