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Afternoon Selling Pressure Continues. More Reprice Risk
Posted to: Micro News
Thursday, February 07, 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.
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