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Bond Markets Back Into Positive Territory After Shaking Off European Influences
Posted to: Micro News
Friday, December 27, 2013 10:58 AM
The story so far today is mostly about European markets returning after 2.5 days off and experiencing a small amount of pent-up bond market weakness. This spilled over into US Treasuries overnight, but they've been battling back since 8am, moving from 3.02 to 2.99 currently.
Fannie 4.0s have kept pace reasonably well with the bounce, currently up 4 ticks on the day at 102-31. Technically, this is sufficient for positive reprices for a few lenders who were out earlier in the morning with rates.
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