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Treasuries and MBS Put up a Good Fight
Posted to: Micro News
Friday, February 08, 2013 12:50 PM
After breaking support at 1.953, benchmark 10yr yields quickly rose to 1.99 taking fannie 3.0’s to a low of 103-01 causing a few lenders to reprice worse. Since, yields have fought back bringing the 10yr to 1.96 and the fannie 3.0 up to 103-08. Positive reprices are not a given but possible.
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