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Post-Data Weakness Continues; Now Entering Reprice Risk Territory
Posted to: Micro News
Tuesday, August 5, 2014 10:22 AM
Bond market weakness following the 10am econ data has now taken MBS to levels that could result in negative reprices for some lenders. Fannie 3.5s are down 5 ticks on the day with at least 4 of them arriving since many lenders' rate sheet print times. Reprices are possible already, though won't likely affect a majority of lenders unless we lose a few more ticks.
10yr yields are up 2.7bps now at 2.518.
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