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Ongoing Positive Reprice Potential as MBS Push Highs
Posted to: Micro News
Wednesday, October 23, 2013 2:12 PM
MBS and Treasuries have both been pushing the boundaries of their best levels today. After an earlier bounce in the mid 2.47's, 10's returned for a run to 2.471 in the "black-box-heavy" 2pm hour.
Activity remains extraordinarily light for a day that's seen the best levels in 3 months (4 months for MBS), but the rally is every bit as steady as yesterday afternoon's.
That's been good for the reprice environment so far today. If you haven't seen one yet, it remains possible. Fannie 3.5s are up 10 ticks on the day now at 102-28. 10yr yields are at 2.475 after bouncing at 2.471 at 2pm.
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