|This email was sent to you by:|
Anonymous User |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
MBS Quickly Retreat to Lows; Negative Reprice Risk
Posted to: Micro News
Wednesday, January 22, 2014 12:07 PM
Bond markets have taken a very quick turn for the worse since 11:30am. While still technically inside the day's range for MBS, prices are back to the lows at 103-27. This is 5 ticks off the rate sheet print time for some lenders and technically enough of a loss for negative reprices to be a risk.
10yr yields are at domestic session highs of 2.845, but have yet to break overnight support at 2.856. Reprices aren't a certainty, but a good possibility for several lenders.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.