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Another Break into Weaker Territory; Incrementally Increasing Reprice Risk
Posted to: Micro News
Wednesday, February 19, 2014 1:15 PM
10yr yields just broke above their previously supportive 2.7027 level. MBS slipped another 1-2 ticks to the weakest levels of the day. They're now off 4-6 ticks from some lenders' rate sheet print times. Negative reprices are more possible than they were with the last alert but not yet likely to be widespread.
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