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Bond Markets Giving Back Morning Gains; Negative Reprice Risk Increasing
Posted to: Micro News
Friday, May 23, 2014 12:34 PM
In terms of the gap between current prices and those seen during morning rate sheets, we're just now getting to the edge of reprice territory. Fannie 3.5s are still up 2 ticks on the day, but down 3-4 ticks from some lenders' rate sheet print times.
Negative reprices would be more likely if we fall another tick or two.
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