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MBS at Lows; Negative Reprice Risk Increasing
Posted to: Micro News
Tuesday, December 03, 2013 10:04 AM
MBS and Treasuries both put in their best levels of the morning at 9am. They'd weakened moderately at first, but have been more serious about it in the past 10 minutes. Fannie 3.5s are far enough off from a few early lenders' rate sheet print times that negative reprices can't be ruled out (6 ticks off highs, currently still +1 on the day at 100-12). 10yr yields are up to 2.784 from 2.765 earlier.
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