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MBS Move Into Positive Territory; Some Reprice Potential Already
Posted to: Micro News
Thursday, March 13, 2014 10:29 AM
After holding ground earlier this morning in the face of stronger economic data, MBS have clawed their way back into positive territory. The shift in momentum arrived just after the cash open in stocks with major indices and bond yields both turning on a dime at 9:37am.
Since then, 10yr yields have fallen just over 2bps and Fannie 4.0s are up 4 ticks (3.5s are up 6 ticks). That's enough for some of the earliest lenders to be considering a positive reprice, though they'll typically want to see these gains hold for a bit longer.
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