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Selling Continues; Additional Reprice Risk
Posted to: Micro News
Tuesday, September 03, 2013 11:01 AM
Negative reprice risk is incrementally higher than the post-ISM sell-off alert. 10yr yields are several bps higher now, cresting 2.910 and Fannie 4.0s are down 17 ticks at 102-14. All lenders are at some risk of negative reprices now, provided they were out with rates around or before 10:30am.
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