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Here We Go.... Breaking Into New Lows... Stock Lever In Play
Posted to: Micro News
Tuesday, January 29, 2013 1:41 PM
The "risk-on" snowballs are sliding, though not any more aggressively than they already were. We said we'd update you if the ground-holding changed, and it's changing. Stocks have ticked a bit higher, as have Treasury yields ( up to 1.996 just a moment ago) and MBS have fallen to new lows of 103-07. Reprice risk notches incrementally higher, and will do so again if we see 103-05.
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