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MBS Hit New Lows. Reprice Risk Already?
Posted to: Micro News
Thursday, March 07, 2013 10:31 AM
In a word, yes. The pop higher in Treasury yields and the somewhat rapid shedding of 4 ticks from the first rate sheets of the day make negative reprice risk a possibility already. Of course there's a heavy caveat here based on the timing of a lender's initial rate sheet (some aren't even out yet), but the earlier in the session rates came out, the higher the risk.
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