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Negative Reprices More Likely Now as FN 3.0s Break 104
Posted to: Micro News
Thursday, January 17, 2013 12:34 PM
This will be a quick one as markets are moving quickly. Fannie 3.0's are now down 14 ticks to 103-31. 10yr yields broke over intraday support ceilings, as did stocks. Negative reprices are more likely for a wider group of lenders at these levels.
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