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Negative Reprice Risk Increasing
Posted to: Micro News
Monday, October 07, 2013 12:17 PM
At the time of the last update, Treasuries and MBS had both been holding on to supportive levels despite being in the weakest territory of the day. That support is now slipping somewhat and Fannie 3.5s are now 7 ticks off the morning highs (still 4 ticks higher vs Friday). This is enough for negative reprice risk for some of the faster-acting or earlier-pricing lenders.
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