|This email was sent to you by:|
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
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.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.