|This email was sent to you by:|
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
Afternoon Selling Pressure Continues. More Reprice Risk
Posted to: Micro News
Thursday, February 7, 2013 3:53 PM
Now we're getting into the more troublesome sort of afternoon weakness that occurs when Treasuries are leaking into weaker levels after the official close and liquidity is too light for MBS to fight back. Fannie 3.0s are down to 103-11 now and 10yr yields are up to 1.9622. Reprice risk is more pronounced here and we could see more than just the few "early crowd" lenders.
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.