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Positive Reprice Potential Picks up as MBS Push Higher Highs
Posted to: Micro News
Friday, September 20, 2013 12:08 PM
Fannie 4.0s are now up 6 ticks on the day, hitting 104-01 for the first time. 10yr yields are down 2.5bps to 2.726. There are no significant headlines or events behind the move and volume remains fairly light as well. Tradeflows relating to the options/futures expiries have simply bullied prices higher amid a light liquidity environment.
Regardless of the cause, the movement is sufficient to consider positive reprice potential.
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