Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Questions Answered

Send Article via Email

Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 2 and 5 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
This email was sent to you by:
Anonymous |
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.
Bond Markets Weaker Despite Consumer Sentiment Miss; Reprice Risk Increasing
Posted to: Micro News
Friday, March 28, 2014 10:07 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

Despite Consumer Sentiment data coming in slightly weaker than expected, stocks have moved up aggressively at the expense of bonds.  This is a mirror image of some of yesterday's moves and the connection between bond yields and stock prices is a common theme into the end of the quarter (technically Monday, but much of the quarter-end trading will have happened this week).

Fannie 5.0s are down 2 ticks on the day, but 3 of those have come since the earliest rate sheet print times--almost enough for a negative reprice.  Fannie 3.5s have shed a full eighth of a point since rate sheet times.  This puts us right on the edge of negative reprice risk, where a bounce might alleviate it, but another tick or two of weakness makes reprices more likely.

Bottom line, a reprice or two can't be ruled out at current levels, but they'd be the exception at this point.

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.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%