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Lingering Reprice Risk As Afternoon Support Breaks
Posted to: Micro News
Wednesday, December 12, 2012 3:57 PM
MBS have moved back toward their lows after holding onto a supportive ledge of prices at 104-25 for the past hour. The move lower hasn't been sharp (currently 104-22), but it does leave the door open for reprice risk into the close. Additionally, it unwinds the previous hope that MBS would bounce back into morning range.
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