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Reprices Incrementally More Possible
Posted to: Micro News
Wednesday, March 20, 2013 3:38 PM
MBS have just now made it to price gaps vs rate sheet times that suggest negative reprices. Fannie 3.0s are down 12 ticks at 102-23 and 10yr yields are just outside their highs of the day at 1.9511. Widespread reprices aren't "likely" at these levels, but they're increasingly possible. This is the first real "alert" of the day.
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