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MBS Hit Session Lows; Reprice Risk is Low but not Absent
Posted to: Micro News
Tuesday, March 4, 2014 9:46 AM
MBS are following Treasuries, which were sold at the 9:30am stock market open. Fannie 4.0s are down a quarter of a point on the day now to 104-26, though that's only 3/32nds from the highs. That should serve to limit reprice risk from the earliest pricing lenders, though it couldn't be ruled out completely.
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