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Off Highs, but Holding Ground for Now; Reprice Risk Contained For Now
Posted to: Micro News
Monday, October 07, 2013 11:28 AM
Fannie 3.5 MBS are more than 4 ticks off their highs of the morning. Some of the early lenders were out with their first rate sheets during that time, meaning negative reprice risk can't be completely ruled out, but we wouldn't be surprised if we didn't see any.
Fannie 3.5s are currently still up 7 ticks on the day at 102. Risks would increase if they dip to 101-30 or below. 10yr yields are still down 3 bps on the day at 2.614.
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