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Consumer Sentiment Keeps Pressure on Bond Markets
Posted to: Micro News
Friday, February 28, 2014 9:57 AM
Consumer Sentiment came out just slightly stronger than expectations and the previous reading. Bond markets have added to losses just slightly in the first minute since the release, but most of the weakness centered on Chicago PMI 10 minutes earlier.
Fannie 4.0s are down 9 ticks now and 3.5s are down 11. Enough of this weakness has come in since morning rate sheets for the early lenders to be considering negative reprices.
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