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Negative Reprice Risk Increasing as MBS Hit New Lows
Posted to: Micro News
Tuesday, February 11, 2014 11:51 AM
As the Yellen testimony continues, bond markets have weakened progressively. 10yr yields are at their highs of the day (2.724) and Fannie 4.0 MBS are down 6 ticks from 9:15am (13 ticks on the day) at 104-25. For early-pricing or otherwise aggressive lenders, this introduces some negative reprice risk.
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